Friday end of the Week Wrap up on a Thursday.

[farming101]

What ever happened to saving for a rainy day?
https://www.marketwatch.com/story/airlines-and-boeing-want-a-bailout-but-look-how-much-theyve-spent-on-stock-buybacks-2020-03-18 https://www.marketwatch.com/story/airlines-and-boeing-want-a-bailout-but-look-how-much-theyve-spent-on-stock-buybacks-2020-03-18

A big part of the reason for the steady and persistent rise of stock values since 2016 has been share buy back programs of countless corporations with a pile of free cash. Some even borrowed to buy back shares.
Now there is a problem and they need a bailout. This is why some of these companies need to have a downsizing forced upon them. there is no reason on earth for them to be made whole.
Maybe they should try a new share offering now and see how that goes......

[RTK]

The only way to recovery is to take the pill, zero interest rates will not help. Completely disagree all industries/farms have to stand on their own. We are all dealt different hand too much rain too little rain. Farmers have to manage through these situations and if you can not I am sorry but the management choices you made were not the correct ones... so some operator swings for the fence and now wants a interest free loan, while another operation makes choices to manage debt and has little or modest debt who wins? Good industrious individuals will come out on top not careless risk takers

[SASKFARMER]

Explain how flooding for 10 years you would have done something different. I hunkered down bought basically diddly shit and just survived.

Our insurance was bullshit and so was any federal program.

So if you're dried out for 10 will you have a different tune?

Or will it be a great pill as we bid at your auction Online only

[bucket]

So....


How, specifically, has covid19 hurt your farm operation, so far?


For us, the farm is the only thing that has not been affected...

Lets wait ....but read the comment below first...then ask yourself if waiting for the same fate that restaurants face is a good idea?

Then ask how much will Air Canada receive after making a billion last year and is essentially broke right now...

Lets kick the can down the road while the US farmers continue to use government funds to bid used equipment into the stratosphere and still call it a bargain.


"""""Ellen Goddard, an agricultural economist and the co-operative chair in agricultural marketing and business with the University of Alberta, said the declarations, particularly in Ontario and British Columbia have managed to check every box.


It ensures farmers can grow and sell their products and helps grocery stores remain as stocked as possible, she said.""""""

“Many farmers would be broke if they couldn’t sell their product,” Goddard said. “They need to be protected by being declared an essential service, if we want their products in the marketplace.”

[SASKFARMER]

Oh yes you are so correct. If we wait like we always do he will forget about us. Not a peep about spring harvest no one cares. Zip nada **** all.

We’re on our own as always.

And our farm groups sit and are happy with a $50 dollar drop of a few.

Wow I think we can afford that.

[bucket]

Oh yes you are so correct. If we wait like we always do he will forget about us. Not a peep about spring harvest no one cares. Zip nada **** all.

We’re on our own as always.

And our farm groups sit and are happy with a $50 dollar drop of a few.

Wow I think we can afford that.

If you knew the stupid shit they are floating around to help farmers ....you would start voting NDP or liberal again...

After watching business get a 10000 dollar grant on a 40000 dollar loan ...the very least the federal government could do is put farmers on a 0.5 interest rate and a 3 year repayment period and quick accessibility..along with the same 25% grant at the end.....considering all the leeches that live off my farm...

[Guest]

We should threaten that we are going to quit using roundup

[RTK]

SF3 - “Explain how flooding for 10 years you would have done something different. I hunkered down bought basically diddly shit and just survived.

Our insurance was bullshit and so was any federal program.

So if you're dried out for 10 will you have a different tune?

Or will it be a great pill as we bid at your auction Online only.”

SF3 - exactly my point, you were flooded who bailed you out - nobody, you managed your farm and came through 10 years of difficult times.

So why should those who over extended themselves receive an interest free operating loan? I think farms have to manage their operations regardless of too much rain, not enough rain, no harvest, poor harvest.

Competing against other nation coffers different discussion.

I have experienced years (7) of flood zone, I know what seeding 49 acres of 152 acre field, I understand combines sinking to frames every hour, early frost, crop left out been there - shapes the choices I make to manage my operation. Shapes and continues to shape the speed of expansion for my operation. Trust me I want to farm 20,000 acres but can not assume the risk so an operation your size I sit looking for opportunities to grow...

I experienced years and years managing difficult files, restructuring farms, kitchen table meetings with farmers whose wives had no idea of the farm situation. Have no idea how many Farm Debt Mediations meetings I sat through trying to figure how our institution could help and assume reasonable risk while balancing “will this help the member” and can I make this a “profitable” file for my employer. I can tell you the government lender hurt more farmers than it ever helped...

So reread my post, I was not attacking you - you manage your farm, just as I manage my farm - can you say the same about all farms... so not sure why you are suggesting after 10 years of drought I get my online auction pill?

[RTK]

Expand quickly, out bid everyone, operate with new equipment, numerous employees, leverage the farm to the hilt - please make sure you are profitable because negative margins will unwind a farm pretty quick and without out equity there is limited viable options, actually there are none for a farm of any size of consequence.

[bucket]

I guess that would be the same advice for the rest of the economy as well...

Agriculture has never received 100s of billion in direct payments like what is happening now even though agriculture is an economic driver....

Ignore it at Canada's peril.

[RTK]

Exactly - Bucket.

Should the government hand X dollars to farmers to fund irrigation while not giving the same dollars to dry land farmers.

Government bail out/gift projects to SNC but not Bob’s construction company.

[bucket]

Exactly - Bucket.

Should the government hand X dollars to farmers to fund irrigation while not giving the same dollars to dry land farmers.

Government bail out/gift projects to SNC but not Bob’s construction company.

Irrigation...thanks for reminding me....40 bucks an acre for 5 years if you are in a district...and given the infrastructure to deliver the water for free.....

While dryland farmers struggle .....I recently wrote a letter and they said there would be no commitment to irrigation projects....and then in the last budget they spend 5 million to explore large scale irrigation projects...

Why don't they ask the guys benefitting from these things to pay for the studies....my bet is they can't get the 4000 per quarter from farmers to fund the study....and the government thinks these guys can afford irrigation...

Phucking stuuuuuuuupid!!!!!!

[SASKFARMER]

So has Canada finally woken up and realized that Skippy McNutbag is a total ****ing Moron.

The Liberals screwed up this mess because they have No Idea how to handle anything.

A virus doesn't care about ****ing Genders or honesty or peace and love and all people kind are great.

China lied and the only stupid country in the world to believe them is Canada and its insane group of Liberals.

Wake up we need Help.

This virus is going to kill about 6 % of the Population and skippy Mc****nuts doesn't get it.

Then we need to start building Canada style once its done. Worry about Canada and **** the rest of the world.

Sorry, its time to put us Canadians first. Canada First.

[SASKFARMER]

Just curious is everyone with a farm making a bigger garden this year than last.

Boys and my wife think it will be bigger.

Best place to order garden seeds for Saskatchewan.

The bread maker hasn't stopped since quarantine.

[furrowtickler]

Early’s Farm and Garden Stoon if you want selection of garden seeds