Was there a fee prior to 2013 on Agristability

[bucket]

I’m pretty nearly positive they didn’t. That was the era of three pc of sales NISA.

This is what I am getting at ....the announcements made about agristabilty recently are not improvements ..


Meanwhile as the airline industry is setting up for a 9 billion dollar package for a drought in passengers ...no fault of their own....agriculture gets phucked...

Airline industry is set for a strong recovery I might add...

If this drought takes hold ....there won't be a recovery for many farms.

[chuckChuck]

Bucket why are you comparing the airline industry with ag?

The airlines saw revenues drop to almost zero and have lost billions. Last year farm incomes went up and are projected to go up again in 2021.

For those who suffer losses dues to weather and market issues, crop insurance, agristability and Agriinvest will cover a lot and prevent catastrophic losses that will put farms under.

The drought risk is very high this spring. The feds have improved Agristability with potentially more improvements.

Ask your banker and accountant whether they think it is a good idea to count on a no strings attached payment, versus using safety net programs that, however flawed, already exist.

[canolacrazy]

agristability is a bad program, no question. however the changes they made this year, retroactive to 2020

of removing the limited reference margin should help a little bit. for the small premium, stay in it, but do it

yourself, do not hire an accountant. if you have to do that, get out.

[bucket]

Bucket why are you comparing the airline industry with ag?

The airlines saw revenues drop to almost zero and have lost billions. Last year farm incomes went up and are projected to go up again in 2021.

For those who suffer losses dues to weather and market issues, crop insurance, agristability and Agriinvest will cover a lot and prevent catastrophic losses that will put farms under.

The drought risk is very high this spring. The feds have improved Agristability with potentially more improvements.

Ask your banker and accountant whether they think it is a good idea to count on a no strings attached payment, versus using safety net programs that, however flawed, already exist.

Crop insurance , agristability didn't do SFA for farmers in 2019 when the crop was left out...And if you think agriinvest will help maybe you don't understand it would take 50 years to build a nestegg to cover a years' expenses...

[SASKFARMER]

Oh, booboo doesn't want you to have a bunch of money in Agrinvest that's a No-no. Just got my Ag stab bill today. Wow but well pay to play. HAHAHAHA

Just finished a fun audit and well we have collected once since it all began way way back. Yep, 5 years later they wanted it all back. Sent two big checks. That was for the year 2002 when we froze on August 4th. If you seed in our area when snow is gone on May 1 that is a crop that only had less than 90 days to make something. You actually think we had anything. But no claim.

So they did a fun audit I was picked hahahahaha. Well after 2015 was done guess what if you change a number the rest all way up will change so the audit continued for 16, then 17 then 18, and finally 19. Well, a good news letter finally came after their summer student who was going to work on it right away did nothing then one employee from home did nothing, and finally when you phone and say you're done with the BS someone actually does something. My margin went up. HAHAH. Bigger premium And 4 years of BS.

We need a better program, either improve crop insurance with a 10-year average yield and 80% cov is split between all. Not double to go to 80%. Throw out the highest yield and lowest in case you have a drought or frost. Also, have then a top-up that's more money to 90%.

ITs not rocket science. Just build a better boat.

[bucket]

Why does the US use adhoc payments or direct payments or acreage payments?.....because its easier.

[jamesb]

Crop insurance , agristability didn't do SFA for farmers in 2019 when the crop was left out...And if you think agriinvest will help maybe you don't understand it would take 50 years to build a nested to cover a years expenses...

Anyone with decent crop insurance would find it hard to trigger agstabilty IMO. Ag invest has been good when they match but there is no value in leaving the money in a account as most banks pay almost no interest. Personally we are looking at the companies selling "margin" type insurance. For us its expensive but hope and expect like crop insurance was that once these companies builds some experience years that it should be cheaper. I am thinking that there is a lot of uncertainty priced into the contracts. It should be priced like hail insurance in the long term where high hail areas pay more than low hail areas. With margin type insurance I am looking for coverage of a real wreck year. The guys who seem to claim crop insurance most years don't have a lot of coverage and I expect that if a guy triggered a payout of margin type insurance many times that it would be very expensive. I am hopeful that this insurance becomes more viable.

[bucket]

Anyone with decent crop insurance would find it hard to trigger agstabilty IMO. Ag invest has been good when they match but there is no value in leaving the money in a account as most banks pay almost no interest. Personally we are looking at the companies selling "margin" type insurance. For us its expensive but hope and expect like crop insurance was that once these companies builds some experience years that it should be cheaper. I am thinking that there is a lot of uncertainty priced into the contracts. It should be priced like hail insurance in the long term where high hail areas pay more than low hail areas. With margin type insurance I am looking for coverage of a real wreck year. The guys who seem to claim crop insurance most years don't have a lot of coverage and I expect that if a guy triggered a payout of margin type insurance many times that it would be very expensive. I am hopeful that this insurance becomes more viable.

Let me repeat myself....The US has handed close to $$$$$ 100 billion canadian to farmer in the states in the last 5 years...

Why everyone is so giddy with private insurance premiums and the like is beyond me....your farm is competing against the US treasury handing out direct payments to farmers ...

No carbon tax in the states....carbon offset program for the farmer coming ....

Canadian farmers are at such a disadvantage ....hit a bad year past the age of 55 and what are your options????

Use up what little saving there are and hope or RBA the machinery and take the cheque for the rest?

[jamesb]

Let me repeat myself....The US has handed close to $$$$$ 100 billion canadian to farmer in the states in the last 5 years...

Why everyone is so giddy with private insurance premiums and the like is beyond me....your farm is competing against the US treasury handing out direct payments to farmers ...

No carbon tax in the states....carbon offset program for the farmer coming ....

Canadian farmers are at such a disadvantage ....hit a bad year past the age of 55 and what are your options????

Use up what little saving there are and hope or RBA the machinery and take the cheque for the rest?

I agree with everything you are saying without question, but every time I turn around I have neighbor's paying more and more for cash rent and are bidding land up all the time. What gives then? I can see the 1980's repeating itself but do we say these guys going all out are all fools? I wont go that far and wish them well but I look at what has going out of the machinery lots this spring is incredible. I admit I am pretty cautious cause I have seen it before.