SCIC, Brad Wall, and Nobody is Talking About this

[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?

[LEP]

Newguy. Sask govt never put their share in. It's an iou.

[Klause]

Under all the years of ndp and Devine crop insurance never got dipped into and ran surpluses... Now no more surpluses and the amount owing has been growing steadily and evenly.


The thing is of a large frost or drought hit crop insurance would be unfunded... And the provincial government has no cash on hand to lend to crop insurance which means they would need to borrow money to pay back borrowed money.


Also telling even after last year the province still took 100 million.


This means either premiums are way too high for the coverage or it's done as a purposeful tax on producers.

[sumdumguy]

Brad Wall better head for the hills.

[Ache4Acres]

Looks to me like our captain abandoned ship and left us all to sink.

Governments across the globe are reaching a tipping point of collapse and our Federal and Provincial govts are no different. Wall knows that we are close to utter disaster and he sees a massive crop insurance bill this year on top of the large amount they already owe. Crop insurance is going to pay out amounts this year that they possibly have never paid out before. The writing is on the "wall" and the wall has left the building.

[the big wheel]

Mustard didn't you see that Sasquatch in skfrmrs boat then big fat hairy legs.

[bucket]

How does GARS fair with a year like this....

[sumdumguy]

Good Luck Gars, but at least they don't have the government picking their pockets.

[bucket]

Nope but if they fail the government will have to pick up Walls buddies debt there.....

[Klause]

GARS premiums will be insane next year.


There was a company in Manitoba that tried the same thing in 2007... I have the pamphlet from them from AgDays... They disappeared in 2009 when the flooding happened.