We have received our Cais payout for 2003, it's a whopper. How has everyone made out?
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Well Crusher, enjoy my share. I got a big fat zero on my statement too. This is my reward for carrying a high crop insurance level, and the premium to go with it. My margins from 2001 to 2003 only varied about $8000, with 2002 crop insurance making up the bulk of my 2003 income. Land loans force me to carry crop insurance, but I know there are bigger, established farmers who don't, and they will make out like bandits with this program. Pi$$es me off!! These government programs never seem to put the money into the hands that need it. I consider myself fortunate that I came through 2002 as well as I did, but there are guys who didn't, and I wonder if CAIS will carry them through??
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My understanding of the fast track is farmers will be sent the amount due as calculated by the application submitted, provided it is under $50,000 and in Alberta - best to contact your local CAISP people for confirmation. Applications will be reviewed later.
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