Motion number 10 for Emergency Meeting on China/Canola today.

[blueversi]

Fed trade minister says we’re looking for new markets for canola for Canadian farmers.

Yea at $8.00 a bushel isn’t that great 👍

Time to go all in for the Canola 100 challenge. #800bucksanacre #rakinginthecash #we're ****ed

[HITTGrapevine]

I can't make shit like this up, the idiot still thinks its scientific based trade dispute.

Wow, the liberals are a special breed.

Blast from the past … CBC report from 2016 …

[sumdumguy]

No use wasting our breath. The f—-in farm groups must have got a Chinese cruise up the Yantzi promised if they keep their moutns shut and the Pulse Board and Can Pulse must have got offered an Indo-Asian month - long rick-shaw ride. Who could believe this bull?

[jazz]

Go get your advances boys. Don't worry if JRI or Viterra get direct cash bailouts.

https://www.ctvnews.ca/politics/government-to-announce-support-for-canadian-canola-farmers-1.4402536 Government to announce support for Canadian canola farmers


The federal government will make an announcement on Wednesday to help the country’s canola farmers who’ve been caught in the middle of a dispute with China, sources tell CTV News.
Sources say the announcement will help farmers access funding to cover existing issues they might have.
The Chinese government blocked Canadian shipments of canola at the beginning of March in what is believed to be a response to the arrest of senior Huawei executive Meng Wanzhou in December.

The Chinese government has said the shipments did not meet their standards of quality, but the Canadian Food Inspection Agency has inspected the shipments twice and did not find any impurities.
Chinese buyers represent roughly 40 per cent of Canada’s canola industry, where it’s primarily used for cooking.
To make up for this loss, Canada has been looking for other Asian customers and is pushing China to allow a Canadian delegation to verify their complaints, which has so far been denied.

[bucket]

This will just consolidate farms again when the hurt of additional debt becomes reality....

[bucket]

If they bail out grain cos. ...whats the point?

They make money on margins....they are covered when you sign a contract....

The real hurt of the loss of 50 bucks a tonne is on farmers....

[MBgrower]

ah, the canola growers answer to $8.00 canola, lobby the govt to increase cash advances. Great business for the canola growers, collecting all those advance admin fees Maybe they will waive these fees in support of farmers? likely not.

[farmaholic]

First year ever I may be asking for my money back from all the commodity check offs. I know that is opposite of what I've ever done or said in the past but enough is enough. I actually compiled the list of addresses and deadlines already.

[SASKFARMER]

Yea More debt for Canadian Farmers.

Wow oh Wow what a great Idea.

HAH HAHAHAHAHAH

ITs a repayable debt and who is it going to help.

For one thing, you need 200000 bus of Canola. So most won't hit that number.

Using 50 as benchmark and crop insurance guarantee. 42 bus Or basically 5000 acres seeded to canola will qualify.

Its all about keeping the pigs fed and the Farmers F@#Ked.

[jazz]

Take the $500k interest free and invest it in US markets for a yr. Better return than chasing canola.

[farmaholic]

Take the $500k interest free and invest it in US markets for a yr. Better return than chasing canola.

And if that plan goes sideways?

[jazz]

And if that plan goes sideways?

If it were me, I wouldn't use that advance to keep growing canola and storing it in the hopes this market comes back. That looks unlikely and at the very least, it appears to be a multi yr thing like pulses. We have no leadership on these files, an inept govt focused on one province and a likely recession in the mix. Betting on canola vs betting on the US economy for 1 yr is a no brainer imho.