Bank of Canada Drops their rate to .25%!

[Taiga]

i am one of the retired farmers, got out in 2013, but I still like reading opinions on agriville. everythings going to hell in a handbasket, the housing market is next on the chopping block. however cbot wheat, soybeans etc. are hanging in. Are we in for another bull run on the farm like 2008, I think so.
food panic hasn't hit yet, but I think it's coming.

I agree with you

[SASKFARMER]

Trudeau today come up with a loan for buisness who can go in and get 40000 payable over two years back and the first 1/4 is forgiven. Interest rate prime.

So all the farm groups who are so happy with cash advance waiving this $50.00 fee how smart are you guys at negotiations.

Farmers get screwed again.

How about FCC drop interest rate in the input loans to prime instead of what 6%.

We’re not winning at this game weak leadership all way around.

Oh fuel going up .07 cents next week and oil is 5 a barrel. Why because they can and will screw farmers.

[fjlip]

USA not scared to help farmers...The U.S. coronavirus stimulus bill would add $14 billion to the Agriculture Department's Commodity Credit Corp spending authority, and authorize another $9.5 billion for U.S. farmers hurt by the fast-spreading pandemic, according to a copy of the bill's text. should be $950,000,000 for Canadians at 10% of USA.

https://finance.yahoo.com/news/u-coronavirus-stimulus-bill-adds-180814167.html https://finance.yahoo.com/news/u-coronavirus-stimulus-bill-adds-180814167.html

[6V53]

our Canadian dollar is dropping and gold went up before stalling.

Check Kitco all gold and silver sold out.

[6V53]

So is ten cases for our SKS rifles of Chinese made bullets enough? Just asking for a friend. Yes, I know they are corrosive and clean guns after. Oh sorry, my friend cleans them after.

22 shells are the new currency.

[bucket]

Trudeau today come up with a loan for buisness who can go in and get 40000 payable over two years back and the first 1/4 is forgiven. Interest rate prime.

So all the farm groups who are so happy with cash advance waiving this $50.00 fee how smart are you guys at negotiations.

Farmers get screwed again.

How about FCC drop interest rate in the input loans to prime instead of what 6%.

We’re not winning at this game weak leadership all way around.

Oh fuel going up .07 cents next week and oil is 5 a barrel. Why because they can and will screw farmers.

We have absolutely phucking morons representing farmers...

They should be screaming at their conservative MPs for not getting farmers the same deal....

[furrowtickler]

Trudeau today come up with a loan for buisness who can go in and get 40000 payable over two years back and the first 1/4 is forgiven. Interest rate prime.

So all the farm groups who are so happy with cash advance waiving this $50.00 fee how smart are you guys at negotiations.

Farmers get screwed again.

How about FCC drop interest rate in the input loans to prime instead of what 6%.

We’re not winning at this game weak leadership all way around.

Oh fuel going up .07 cents next week and oil is 5 a barrel. Why because they can and will screw farmers.

Round up increasing in price as well April 1
All inputs look like increases .

[farmaholic]

We have absolutely phucking morons representing farmers...

They should be screaming at their conservative MPs for not getting farmers the same deal....

Get another loan,
Negotiate a loan payment holiday,
Or burn equity.

[Guest]

Round up increasing in price as well April 1
All inputs look like increases .

No surprise there

[Hamloc]

So if the bank of Canada lowers it's interest rate but the banks do not lower their rates what benefit is it to the consumer?!

[Partners]

Rates going down at the bank.
Spend.. spend..incase you survive this shit..
Some at 3.7% today..

[AlbertaFarmer5]

So if the bank of Canada lowers it's interest rate but the banks do not lower their rates what benefit is it to the consumer?!

One way of looking at that, Is It might keep the banks from failing , And needing a bail in with our savings. At least this way you might still have access to your bank account and credit to put a crop in.

Not saying it is the right approach What it looks like is that everyone is going to need saving, this is just the first priority, since without that we will all resort to guns and ammunition in a matter of hours.

[bucket]

One way of looking at that, Is It might keep the banks from feeling , And needing a bail in with our savings. At least this way you might still have access to your bank account and credit to put a crop in.

Not saying it is the right approach What it looks like everyone is going to need saving.

And what happened to those billions in bank profits?

[SASKFARMER]

So what deal did skippy and company give the banks. Is he deep down letting non equity mortgages to be written off by the banks.

Was all the speculation in land linked to this. $650000 for Regina crap is this going to be written down to $350000 just to make it work. So who really got a benifit the guy slow and steady or the BTC.

[Flatlander]

Check Kitco all gold and silver sold out.

Also check the premium, spot price means little. Huge premium and you still can’t get delivery, mints are closed and closing. Mines are closed and closing. Physical is sold to strong hands and likely to be hard to pry loose.