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Judge calls Input Capital contracts ‘unconscionable’

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    #41
    gormley hasn't caught on yet , still spouting that they are the lifesavers to farmers

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      #42
      Originally posted by Crestliner View Post


      It’s a small number. 300 farmers or less. Input is done. They should just get their farmers to pay what was lent to them plus a reasonable interest rate and wrap it up. If the farmer can’t pay that which was lent plus a reasonable interest, then Input can realize on their security.
      Right....what happens to the farmers that were making it work just fine? They have to find the cash to pay back ICC tomorrow when that wasn't the deal? C'mon!

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        #43
        Good point 101....we are all basing our comments here on the fact that it is an expensive and failed program. I have no idea of how it works other than what I hear and read...but maybe the ones that are silent are happy and it is working well for them. It will all be worked out over time, but the momentum for ICC is all negative. If they do shut down, the farmers that it is working for are probably in good fianacial shape, are thriving on their farms and are Bankable anywhere at more reasonable interest.

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          #44
          Why would anyone finance this way? What are you really getting? A reduced value for your canola for an upfront lump of cash? Just get a loan, what is the cost comparison? Unless you consistently come in under Input' s average canola price what's the advantage over borrowing money....is it cheaper than borrowing?

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            #45
            Originally posted by farmaholic View Post
            Why would anyone finance this way? What are you really getting? A reduced value for your canola for an upfront lump of cash? Just get a loan, what is the cost comparison? Unless you consistently come in under Input' s average canola price what's the advantage over borrowing money....is it cheaper than borrowing?
            Let us know if you can get answers to these questions at their Farm Progress booth. 😂

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              #46
              Originally posted by Oliver88 View Post
              Let us know if you can get answers to these questions at their Farm Progress booth. 😂
              I will if I can get through the Demonstrator's picket line

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                #47
                What about the interest free and low interest cash advances. I would assume farmers have used these before risking Input Capital. So are these in arrears too and who pays for that?

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