CEBA

[dalek]

Fwiw, this might be the last "loan" we ever get. Just my opinion. The govt might not be able to borrow again. Sounds weird, but how far do they have to go, to get over the edge

We’re kind of in the territory of “we’re going to have to pay for it for the rest of our lives whether we take it or not so we’d better take it and use it to prepare for the coming shitstorm”

[GALAXIE500]

Unless you can certify "charity" status, meaning you have held a liberal pre election booster club event. It might be best not to apply.

Yes that is well said. I was thinking about applying for it , strictly to update a few peices of machinery, but as a sole proprietor , do I qualify? I am of the opinion that the less the Govt. ( especially this one ) knows about our farm operation the better ! We will keep rolling without it .

[farmaholic]

I woùldnt worry about the money you receive from any program,, it's all the money that other people are getting that have no ways, means or requirements of ever paying it back that will hurt us.

There is a difference.

[bucket]

FFS you guys.... there are wannabe irrigation farmers that are going to get the governments to stick a million dollars a quarter into their farm and zero ROI to the taxpayer.....

And you are bickering about 40000 for a sole proprietor. ..take the money for phuck sakes....

There are farms with so many numbered companies on it that they are receiving multiple times the 10000 free money....they will get 40000 or more in free money ....while some guys can't get the 40000 for the same number of acres. ...

[tweety]

Someone, sometime is going to pay dearly for this
And Canada only made the majority of its wealth from natural resources which the liberals have completely ***ed over .
Makes me sick to think of it

You and I are going to pay dearly for this, and it will be in the 2020 income tax filing. So at least get 10k up on it and spend it on something special to enjoy this short time on the planet we have.

Open your hand and take the money.

[farmaholic]

July 23 Western Producer reports there has been 690,000 approved applications for the $40,000 CEBA loan.

That's 27.6 billion loaned out of which 6.9 billion is supposed to be forgiven if $30K per applicant is paid back on time.

How much of the $30K per applicant will never be paid back...... EVER.

Probably not too many farms compared to other businesses are part of the 690,000 applicants.

That's alot of economy stimulating helicopter money being thrown around, and that doesn't include all the other Covid -cash programs.

SCARY.

[wmoebis]

July 23 Western Producer reports there has been 690,000 approved applications for the $40,000 CEBA loan.

That's 27.6 billion loaned out of which 6.9 billion is supposed to be forgiven if $30K per applicant is paid back on time.

How much of the $30K per applicant will never be paid back...... EVER.

Probably not too many farms compared to other businesses are part of the 690,000 applicants.

That's alot of economy stimulating helicopter money being thrown around, and that doesn't include all the other Covid -cash programs.

SCARY.

What happens if the business goes bankrupt or closes permanently before this is all over? I can see it happening maybe is already.

[furrowtickler]

July 23 Western Producer reports there has been 690,000 approved applications for the $40,000 CEBA loan.

That's 27.6 billion loaned out of which 6.9 billion is supposed to be forgiven if $30K per applicant is paid back on time.

How much of the $30K per applicant will never be paid back...... EVER.

Probably not too many farms compared to other businesses are part of the 690,000 applicants.

That's alot of economy stimulating helicopter money being thrown around, and that doesn't include all the other Covid -cash programs.

SCARY.

Exactly, and there is a lot of people who absolutely don’t need this money but are taking it , Tweety comes to mind .
This will completely screw our kids and grandkids.
But hey RV dealerships smiling ear to ear right now .
Have fun while it last , this will cost us all for over a decade

[furrowtickler]

We all complain about politicians being pigs at the trough taking taxpayers money ... most of this is no different.

[farmaholic]

Seems Covid might be used as an excuse to prop up what may have already been a floundering economic environment before the virus actually hit.

In the loooong run, this will have more of an economic impact than a health impact.
People are going to die, but all we've done is postpone some inevitable casualties of it.