Sask Gov's request to up CCGA advance

[Guest]

Sure enjoying the $14 hi acid picked up im yard but we sure screwed up on the rest . Nexera still $11.85 /july sold some yesterday . Also sold some canola for $10/aug ( hurts, was $10.60 from combine ) we have been taught this lesson many times in our day . Slow learners i guess

[bgmb]

This cash advance thing is an absolute joke talk about a short sighted band aid fix.

Best thing the government could do now is go full trade war with China,Lets ban all made in china electronics tomorrow. I would be happy to pay an extra 100 bucks for a Microwave or tablet.

I have no idea why we put up with this shit from China spying on us, buying up good Canadian companies with state communist $$. Lots of conservatives were cozy with China too I say send their investment $$ packing, enough getting pushed around. Let Argentina and Brazil supply them we can easily supply someone else. It will hurt short term but be better long term. IMO

[Klause]

This cash advance thing is an absolute joke talk about a short sighted band aid fix.

Best thing the government could do now is go full trade war with China,Lets ban all made in china electronics tomorrow. I would be happy to pay an extra 100 bucks for a Microwave or tablet.

I have no idea why we put up with this shit from China spying on us, buying up good Canadian companies with state communist $$. Lots of conservatives were cozy with China too I say send their investment $$ packing, enough getting pushed around. Let Argentina and Brazil supply them we can easily supply someone else. It will hurt short term but be better long term. IMO

China has cities with more people than all of Canada.


We can stop buying everything from there and they wouldn't notice... But we would.


Which markets do you want to supply? Europe? Better quit spraying pre harvest.

India? Oh... Wait.


Africa? Oh... They don't pay.



We are a goldfish in an ocean with sharks and pirranahs swimming around us.

[bgmb]

Klause if we are insignificant to China why do they want to come here and buy energy assets, farmland, city real estate and on and on? Also Klause we have a 45 billion dollar trade deficit with China I would say they have more to lose than us esp considering their economy isn't great right now. We rank as china's 12th-14th largest trading partner. What do you suggest Klause just continue to let them walk all over us?

[Klause]

Klause if we are insignificant to China why do they want to come here and buy energy assets, farmland, city real estate and on and on? Also Klause we have a 45 billion dollar trade deficit with China I would say they have more to lose than us esp considering their economy isn't great right now. We rank as china's 12th-14th largest trading partner. What do you suggest Klause just continue to let them walk all over us?

China does the same all over the world.

We aren't even considered a member of the OBOR program for China.


Their idea of a slowing economy is what we consider a booming economy. 6.9% growth. We have 0%

45 billion isn't even a drop in an over trillion dollars export market.

What I suggest is we get our heads out of our asses and become respectful members of the global village


If we wanted to hit China we should expropriate all Chinese assets in Canada and send their Nationals home.


That would open a very big can of worms though and the reprocussions would once again hurt us more than them.

[bgmb]

China does the same all over the world.

We aren't even considered a member of the OBOR program for China.


Their idea of a slowing economy is what we consider a booming economy. 6.9% growth. We have 0%

45 billion isn't even a drop in an over trillion dollars export market.

What I suggest is we get our heads out of our asses and become respectful members of the global village


If we wanted to hit China we should expropriate all Chinese assets in Canada and send their Nationals home.


That would open a very big can of worms though and the reprocussions would once again hurt us more than them.

This is the problem as I see it Klause, China has these make believe reasons to not take canola. Not exactly showing respect. They buy companies in Canada and then only hire foreign workers, not exactly respectfull either. As canadians We cant own jack shit in china but we have let them buy strategic assets here. Something needs to change.

I would be afraid if we expropriated their assets in Canada we wouldnt be talking trade war but real war so lets not go there.

[wd9]

For a little perspective Jack Ma had 31 billion in sales with alibaba on singles day. that's one day! Makes that trade deficit quite meaningless.

[sumdumguy]

Farmers should sue the federal government for causing rifts with major trading partners and then making us pay for it. Call Saul!

[macdon02]

Expropriation and banning investment .... look at Turkey, they just implemented capital controls, if you want any foreign investment these words are taboo. The investor looks at it from the viewpoint, if it happened to those guys(China), it can happen to me. I would hope govt is smart enough not to consider this. The hard reality is Canadian Ag is based upon a globalist, trade deal, tariff free environment using a devalued loonie to USD to provide cheap food policy for the world. I downsized the acres this winter. You can't use a MOAR attitude to grow yourself out of this problem. Efficiency needs to come from somewhere else, the system is changing from the long term trend without the old policy in place. The game is changing and we need to evolve, think outside the box focusing on domestic markets. Idk if that means raising ****ing goats for cab drivers or what it means. Maybe we need to replace vegetable imports from Cali with greenhouses? The old way of thinking is over with. We've reached peak big ag.

[farmaholic]

Raising goats for cab drivers, doesn't compare to the wealth creation for Canada from selling commodities to the world. Just recycling domestic money selling goats to cab drivers. But the question here is how to sustain your farm and make a living at it?

So I guess Canadian farmers are disposible? Obsolete?

Don't try to grow the farm anymore? "Maintain and Sustain" will be the new catch phrase going forward? During the last farming crisis, "Diversification" was the catch phrase.

There is still a viable Ag Industry in Canada if the parasites at the host's party would give a little back, trim their fat, tighten their belts....there is alot of room for all that to occur. Maybe they'll be smart enough to realize the parasite dies too when the host dies or there are no other hosts to suck the life out of!

Let's just hope we don't lose another generation of young farmers during this round if things continue to get and stay tough, its already reached the point where they can't afford to buy the land and its cheaper to rent than buy, much easier to walk away from a farm you have little to no equity in!

[wd9]

Careful Macdon, that kind of post may get unliked by SF3.

[macdon02]

There was heavy sarcasm in goat herding comment.... the point is protectionism is alive and well, we wont go into the mechanics of exporting and letters of credit issued in exchange for a boatload of grain, based on the bond market. Emerging market debt, all govt debt for that matter, that pays for our grain... Egypt had issues a couple months ago.

[macdon02]

I'll try and sum up in simple terms the debt issue. The ECBs zero interest program has forced European banks to buy high risk debt or lose money in the zirp environment. So DB and Commerz along with Spanish and others have put massive amounts of deposits into Turkey thinking the IMF is backing all things Turkey, no lose scenario. Erdogan implemented currency controls last week banning the lira from being exchanged out of country, due to the massive short on it. So the capital is essentially frozen in Turkey. These European banks can't get access to their money. At some point contagion will set in and panic will follow. This has driven a huge demand for reserve currency debt, US based. Hence the small dip in canadian and US mortgage rates this week. It's seen as "safe" for now. If/ when panic sets in, the ability of foreign emerging/ third world countries to borrow will freeze their ability to issue debt. Heaven forbid another country decides to implement the same policy. This is driving demand for reserve currency assets, stronger USD. This will be deflationary for all commodities. Watch coffee futures short term, it's taken out long term support and is likely heading for the 2002 lows ~. This will wipe out producers though the currency effect will soften things slightly. As Errol has alluded to in deflationary debt trap, this thing will unwind with no stopping it. See my cause for concern? We're could see countries starving with the inability to pay for food. Long term incredibly bullish, short term incredibly bearish.

[AlbertaFarmer5]

Macdon, can you define what you think of as long term vs short term? As in, long enough to store our way out of it, or long enough to get out while the getting is good?

[bucket]

Macdon, can you define what you think of as long term vs short term? As in, long enough to store our way out of it, or long enough to get out while the getting is good?

My answer .....both