SCIC, Brad Wall, and Nobody is Talking About this

[Klause]

Crop Insurance Annual Reports.

2006, Owing to Crop Insurance from General Revenue Fund:............... $99,091,000.00
2017, Owing to Crop Insurance from General Revenue Fund: ......... $1,347,235,000.00

Difference in the years of Brad Wall: $1,248,144,000.00
Average amount siphoned from Crop Insurance by the "Sask 'Conservatives'": $124,814,400.00


I am a small 'c' conservative, and a libertarian... but this is inexcusable...

[the big wheel]

And our premiums are outrageous.
They could be doing so much more and better if they had that money.
It's not talked about because all those that supported this outfit would have to admit the corruption has gone on. And are afraid the Ndp will get in. So the wheel keeps going round we get no one good either way because we don't demand it.

Ape ass and all those groups were spouting off all the things done for agriculture by wall s government yet they can't name one single thing when asked.

[SASKFARMER3]

And what have I said since day one? "Crop insurance is their to make money for the Gov" it's not a subsidy for farmers we f$king pay.

[Hamloc]

As an Albertan only an observer. Have to be honest seems hard to believe the numbers. Certainly confirms what I have always believed that no government is above corruption and misuse of funds.

[the big wheel]

Ok saskfarmer do you understand who the government is and where that money is going? The actual provincial debt is that amount underestimated would you not agree?

[Klause]

As an Albertan only an observer. Have to be honest seems hard to believe the numbers. Certainly confirms what I have always believed that no government is above corruption and misuse of funds.

Was for me also...

Reports can be found here: http://www.saskcropinsurance.com/about-us/annual-reports/

Open them up, search for "General Revenue Fund"... and you can find the info...

[Klause]

Somebody wanna explain this one to? From the 2017 report? I'd like to borrow money at 0.54% too....

2. Due from the Government of Saskatchewan General Revenue Fund:
The Corporation’s bank account is included in the Consolidated Offset Bank Concentration arrangement for the Government of
Saskatchewan. Interest is earned on these funds at the government’s thirty day borrowing rate, and is based on the Corporation’s
average daily account balance. Interest is paid by the Government of Saskatchewan General Revenue Fund to the Corporation on a
quarterly basis. During the current year, the average rate was 0.54 per cent (2016 – 0.60 per cent).

[farmaholic]

That is alot of ****ing money. Good thing I don't pay crop insurance premiums because I would be really mad.

But, but, but...... aren't the premiums "SUBSIDIZED". I guess the Government is using them as a subsidy.

Almost hard to believe.

[the big wheel]

When you look at what they bragged about building this pays for a hell of a lot of it. So where the f is all the oil revenue?

On top of that they hit us farmers the most again to pay for their mismanagement even above this amount that we already paid which we shouldn't be.

Is there any way to check other entities? Sask tel sask power?

[mbratrud]

Just wait until there is a shortfall in crop insurance. It will look to the public like the government Bailed out crop insurance and farmers again. When in fact it's crop insurance money.

I'm with you SF3 I get very frustrated when people talk about subsidized insurance programs it's a load of bull.

Good eye Klause, it should be an interesting year.

It will be interesting to see the provinces finances come the next budget. Spidey senses tingling that it's going to be a shit show.

[Klause]

When you look at what they bragged about building this pays for a hell of a lot of it. So where the f is all the oil revenue?

On top of that they hit us farmers the most again to pay for their mismanagement even above this amount that we already paid which we shouldn't be.

Is there any way to check other entities? Sask tel sask power?

The rest of the crowns are all under CIC... so looking at CIC's annual report shows you what the government gets from the crowns... Here's the chart from the 16/17 report on page 46.

46
CIC Consolidated
Analysis of Financial Results
Comparison of 2016-17 Results with 2015-16 Results
Consolidated Earnings Comparison
(millions of dollars)
2016-17
2015-16
Fifteen
months
2015-16
2014
2013
2012
SaskPower
$ 56.3
$ (19.3)
$ 25.9
$ 59.6
$
113.8
$
135.5
SaskEnergy
145.6
55.7
110.9
(33.0)
78.9
106.8
SaskTel
134.8
105.9
126.7
76.4
90.8
106.3
SGI CANADA
65.2
41.2
84.5
40.7
39.2
82.2
SGC
24.4
26.8
32.7
24.9
20.5
26.3
SaskWater
6.5
5.6
7.3
5.5
3.5
3.0
CIC AMI
(3.0)
3.7
4.6
13.0
4.7
(4.3)
SOCO
0.5
0.8
1.6
2.3
2.4
4.3
STC
(5.3)
1.2
0.3
(0.4)
(0.1)
(1.0)
SIIF
(1.4)
(2.3)
(2.4)
(4.0)
1.2
(0.2)
ISC
-
-
-
-
9.7
21.2
CIC (separate)
132.1
126.9
153.5
149.7
330.4
314.0
Other
1
(157.1)
(172.6)
(203.6)
(172.0)
(128.1)
(355.5)
Consolidated Earnings
$ 398.6
$ 173.6
$
342.0
$
162.7
$
566.9
$
438.6

Page 46 of this report: [URL="http://www.cicorp.sk.ca/+pub/Documents/2016-17_CIC_AR_nav.pdf"]http://www.cicorp.sk.ca/+pub/Documents/2016-17_CIC_AR_nav.pdf[/URL]

[mustardman]

I keep telling you guys that

Fiscally prudent Conservative Governments

Are like SASQUATCHS and Unicorns

Everyone's Heard about them, But No One has actually SEEN ONE

[LEP]

This one is maddening. But it is tallied in the total government debt when they went to consolidated statements.

All governments resisted the movement to consolidated statements, ndp and saskparty alike. This is why.

[LEP]

This one is maddening. But it is tallied in the total government debt when they went to consolidated statements.

All governments resisted the movement to consolidated statements, ndp and saskparty alike. This is why.

This is no different than an unfunded pension liability.

Most likely caused in large part by their crazy high red lentil coverage last year

[newguy]

so if original premium was jacked up high and feds paid half that.Sask threw in a share but got back some of their share I would think the Feds and farmers are getting shafted.???Or am I missing something?