FCC causing farm stress

[ajl]

I the mail I recently received a farm mental health issues booklet courtesy of FCC. Now i would like to explore how FCC has contributed to the problem. Irresponsible lending on their part to BTO's and Hoot colonies has served to run up production costs for the rest of us. Now I realize that the major culprit off course is government and central bankers in their irresponsible money printing of the last decade, but unaccountable organizations like FCC have only served to amplify the problem. As an STO, I need growth opportunities. Would be nice if I didn't have to compete every time with parties armed with FCC cash for very limited opportunity. Not having to worry constantly about how I will be supplementing my farm income would be a nice break from the usual. Hope someone from FCC sees this.

[grassfarmer]

Doesn't FCC lend to farm operations of all sizes?

[AlbertaFarmer5]

I thought that hutterite colonies were all self-financing?

[bucket]

here is whats going to happen ....FCC won't bother the BTO because they have lent them so much there is zero equity to make themselves balance....so the first step will be to essentially break anyone with loans there that has equity and force a sale.....

Then the BTOs can come in and buy some more and make the balance sheet look better...

Say good bye to 4000 - 5000 acre farms....

[hobbyfrmr]

here is whats going to happen ....FCC won't bother the BTO because they have lent them so much there is zero equity to make themselves balance....so the first step will be to essentially break anyone with loans there that has equity and force a sale.....

Then the BTOs can come in and buy some more and make the balance sheet look better...

Say good bye to 4000 - 5000 acre farms....

Now I have Guns N’ Roses singing “Welcome to the Jungle” bouncing around in my coconut.

In my opinion BTOs have tons of equity. 15 years ago They were buying land at $110,000 a quarter, those quarters are now valued at $390,000. Plus good crops, there should be piles of money on those farms or the primary’s bank account.
If there is not, they will be in the FCC office negotiating a write down and they will get it. It happened in the mid ‘80s the old guys know how its done, they teach the next generation and they will succeed.
Winning the game is all about knowing the rules.

[SASKFARMER3]

According to the RBC and MNP, they say the most profitable farms in western Canada are family farms between 3000 and 5000 acres.

The big dogs bounce money but the total profit per acre is the 3000 to 5000.

It's a statistic but accurate.

So no FCC will not be closing down profitable farmers.

These are the ones that 5 or 6 absorb the 20000 and up.

Hutts are going to be splitting and Sask is the new land of black hats.

Shit is changing.

[iceman]

I thought that hutterite colonies were all self-financing?

I don’t think they own bank of Nova Scotia yet

[bigzee]

Hutts are minos in a pond compared to the real BTO, but of course they talk like they king tuts.
Just mention Monette or the guys north of MJ.
Heard Monette will crop 180,000 next yr, he’s moved into the states now.

[SASKFARMER3]

And I bet eventually he will be gone.

Plus on acre basis you make more than he does.

[Richard5]

here is whats going to happen ....FCC won't bother the BTO because they have lent them so much there is zero equity to make themselves balance....so the first step will be to essentially break anyone with loans there that has equity and force a sale.....

Then the BTOs can come in and buy some more and make the balance sheet look better...

Say good bye to 4000 - 5000 acre farms....

I would have to say i totally disagree with the above and agree 110% to what S3 posted. 3000-5000 acre farms would be overlooked by FCC because they are not “exciting”. Its kinda like going to the crop production show and stoppimg at a booth and when they ask how many acres you farm, and your answer is less than 5000 they are often quick to turn to see who else is walking up.

Reason #2 would be 3-5000 acre farms don’t need a lot of financing even with 9 years of flooding (sorry s3) and one home run. I think we all can look at our financial statements and see the equity growth. Mine have 4 years comparative figures plus current year so it is really easy to see the change. Even if they need financing its probably done with local credit union which works perfectly for their needs.

I think many big boys are bleeding red ink. As soon as the lending tightens up they will be auctioning off. Then there those deep into input capital which is a whole separate story.

[farmaholic]

R5....

I feel like wiseguy...

Sell the Input Capital shares and buy Ritchie Bros. shares!!!!

[SASKFARMER3]

Just listen to the new viagra capital adds. They are hilarious, farmers let us help you we’ll give you access to your equity that the big bad banks love but won’t let you touch.

Sign here wink wink trust us.

Wtf it’s insane.

[macdon02]

here is whats going to happen ....FCC won't bother the BTO because they have lent them so much there is zero equity to make themselves balance....so the first step will be to essentially break anyone with loans there that has equity and force a sale.....

Then the BTOs can come in and buy some more and make the balance sheet look better...

Say good bye to 4000 - 5000 acre farms....

Once you max out 1 drill, 1 combine, if interest rates double you can't escape by taking on more acres unless my calculator is broke. Efficiency drops as you add manpower and machinery imo.