so the graincos are getting help.....interesting

[bucket]

Senior officials will announce on Thursday June 13th that Ottawa is providing additional credit insurance for grain companies selling canola abroad, said the sources, who requested anonymity because they were not authorized to speak to the media. Canada is the world’s biggest canola producer....


thats from Reuters...

[blackpowder]

Can't they already purchase insurance for that privately?

[farmaholic]

.....patiently wait under the banquet table for your crumbs to be brushed from it!

sarc.

[redleaf]

Senior officials will announce on Thursday June 13th that Ottawa is providing additional credit insurance for grain companies selling canola abroad, said the sources, who requested anonymity because they were not authorized to speak to the media. Canada is the world’s biggest canola producer....


thats from Reuters...

Please review my comment under the “Ralph jumping up and down” thread from a few days ago.

Federal aid coming for western farmers.
I can only imagine what form it will take. I’m guessing it will have to be filtered through the line companies and railroads with possibly some administered by chemical fertilizer and seed companies.

[Oliver88]

Does Jim Carr’s Winnipeg riding include the Richardson head office?

[macdon02]

Can't they already purchase insurance for that privately?

The ****ing letter of credit goes in place before the sale is completed. This isn't for the grain cos, we are gonna finance every other country in the world so they can buy our grain. Plus, now they are talking of pegging rates on govt debt. Who buys all this grain? Arms of govt. The ****ening continues. When these EM countries start defaulting on debt, guess whose getting it in the ass? We'd be further ahead getting paid to idle land. At least GOC isn't paying for the grain twice. There's zero risk to grain co as is. This is like a bank bailout in 08

[bucket]

EDC will cover an additional $150 million in export volume to “mitigate the risk of selling into new markets and make it more likely they can access working capital from their partners,” said executive vice-president Carl Burdock.


This is so great ...canola prices just shot up a buck a bushel?????