Ok, this one is really easy its more ****ing loans. That's it doesn't get excited or wet your pants maybe shit your pants is a better term for this action.
Our farm groups are happy but more could have been done. Here is an idea more should have been done the minute the Chinese shut our canola down and cost farms billions. Now it's too late that the market is done and left the building.
Look again at history people, yes I know it isn't taught and people forget but look back.
In the 1980s the feds had to help out but giving money to credit unions and banks were not going to cut it in the big picture with Canadians. Well, you think the Royal, CIBC TD BofM or Credit unions need help.
They set up a way for farmers to exit from those or VT land back and buy later but direct payments to banks didn't happen. FCC is a federal lender and that's who they will work with.
If your farming around Regina go into your bank and say whats is the land value here. Look at the latest big sale and say ill give you two clear quarters for $900,000.00 increase in my operating line. Your banks are working with that value to buy land so they should be working on that value to borrow you the money if you have clear land. Banks pick winners and some times they pick wrong.
If your a farmer that's older you have clear land unless you helped your son become a BTC. Then you might be behind the 8 ball.
This is the new world where gov think borrowing money is the answer to everything. They are coming after your equity and assets one way or the other.
Our farm groups are happy but more could have been done. Here is an idea more should have been done the minute the Chinese shut our canola down and cost farms billions. Now it's too late that the market is done and left the building.
Look again at history people, yes I know it isn't taught and people forget but look back.
In the 1980s the feds had to help out but giving money to credit unions and banks were not going to cut it in the big picture with Canadians. Well, you think the Royal, CIBC TD BofM or Credit unions need help.
They set up a way for farmers to exit from those or VT land back and buy later but direct payments to banks didn't happen. FCC is a federal lender and that's who they will work with.
If your farming around Regina go into your bank and say whats is the land value here. Look at the latest big sale and say ill give you two clear quarters for $900,000.00 increase in my operating line. Your banks are working with that value to buy land so they should be working on that value to borrow you the money if you have clear land. Banks pick winners and some times they pick wrong.
If your a farmer that's older you have clear land unless you helped your son become a BTC. Then you might be behind the 8 ball.
This is the new world where gov think borrowing money is the answer to everything. They are coming after your equity and assets one way or the other.
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