Totally agree with you Bucket, imo there's a price crunch coming before we turn back up long term. Velocity of $ is deader then roadkill, the Central banks need to amp it up closer to 10x to repair the 6weeks of damage. There's no possibility of inflation for commods in this environment. We need an "extinction event" to get a turn around of the cycle from 2012, since '16 it's merely been a reaction. Keep your head on and buckle up. The negative crude prices was our early warning.
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What really puzzles me is Bibeau said to basically collapse agri-invest accounts before any help will come...
Odd because it has tax implications ....good for government....and the guys with large accounts are holding it tightly...they have been waiting patiently to jump on the downed neighbour...you guys know the guy thats been licking his lips to take advantage.....
And while there may be 2 billion in accounts ...the CFA recently asked for 2.6 billion as a start...
Still leaves 600 million short ....doesnt it?
I don't think the general population went out and re-mortgaged their house , used up all their savings and sold their toys and extra vehicles before the government started handing out money to watch Netflix....or Kijiji would be swamped...
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BTW ...where are the farm groups....shouldn't they be on the radio every day during seeding explaining to the public what the value is to the economy....the billion dollar project....
The farm groups current methods of extracting help for farmers isn't and hasn't been working for quite a while...
When are they going to get serious about action????
Saskatchewan increased capital spending by 2 billion and had not a penny for agriculture through the last year ...whether is be the poor pastures ranchers faced last year or the shit harvest of last fall...
Marit told Bibeau they didn't have the money for any agri-recovery program....but the government found 300 million for cities and municipalities...
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