Friday Cocktail and end if week chat.

[wrongway]

East side premiums are generally way less than what west central premiums are. Not very long ago here 30 bushel/acre canola premium was $27/acre. Melfort area maybe 50 bushel/acre $8 premium. Province doesn’t pay into crop insurance. Feds put money in , farmers put money in. Province takes money out. Wasn’t long ago Sask premier was complaining about farmers getting a pay out not leaving enough money for the province to take out.

when can/sask crop insurance dropped the experience discount they went to a more individual farmer share. now if you never have a claim your rates are reasonable. In my case i can get really good crops or really shitty crops, rarely an average crop here, mostly frost, hail or excess rain...so have a relatively high production but am also a high risk when i lose a crop. the end result being My canola premiums (east side) are staggering.

[BTO780]

Crop insurance is going to hurt farms who have had very poor crops for 3-4 yrs or more. Commodity prices are poor, coverage will be very low end result it will hardly cover costs, if it even does.

If you have say 23 bu durum avg at 80% cov and they price it at $8.50
well you can do the math.

$195 ac doesn’t cover much. Take off $12-15 ac for premium
May as well rent the farm for $125

Canola premiums will be ridiculous for those who have collected over the drought yrs. Some are paying in excess of $30 ac for premium.

[furrowtickler]

Crop insurance is going to hurt farms who have had very poor crops for 3-4 yrs or more. Commodity prices are poor, coverage will be very low end result it will hardly cover costs, if it even does.

If you have say 23 bu durum avg at 80% cov and they price it at $8.50
well you can do the math.

$195 ac doesn’t cover much. Take off $12-15 ac for premium
May as well rent the farm for $125

Canola premiums will be ridiculous for those who have collected over the drought yrs. Some are paying in excess of $30 ac for premium.

Sadly true
also there is no way the east side is subsidizing the west . That’s a load of b/s , our crop insurance premiums are huge compared to coverage .
those out east should just enjoy the fact they have been lucky the past 4-5 years .

[fcr]

I’m quite sure the feds and prov pay 30% each and farmer 40 for premium

[goalieguy847]

Yeah province defintely contributes. Its 36% by feds. 24 by province.
other 40 is by producer. 100 % of admin costs are paid by federal.

Its a good program in many cases. Anyone ever had to deal with any other companies?
they are stingggyyy at best.

[13stripe]

I would like to see what payment per acre producers would get if half of federal and provincial payments were divided out per ace an paid every year, give producers a base amount and not have producers do things for insurance that agronomically don't make sense. Back stopping land concentration seems counter productive to me. Access to insurance for a fixed number of years to let producers get established and then eliminate or cap coverage would be my suggestion. Government needs to reduce costs at all levels.

[shtferbrains]

It is a Chinese owned farm and they ran the farm first cattle
With idea shipping back to china. Then cattle and grain. I don’t think money a problem

So how did the Chinese get around the farmland ownership rules?

Sask auditor says farmland ownership rules have no teeth.

[ajl]

Most likely the chinese have status in canada. For example you can get canadian citizenship by investing $800K in *****bec government bonds. Voila: dual citizen and now eligible to own farmland and other real estate in all provinces. Great for laundering money. Yes, canuckistan is that much of a shithole.

[blackpowder]

When land was $900 here and $100 in SK, people here bought all they could afford out there the minute non resident restrictions were lifted.
Respectfully, I've often wondered what SK would look like if it hadn't been in a huge multi-faceted bubble for so long?
I've seen some changes in 45 years and I compare to similar regions both here and across the line.
Here, our Lost Generation stayed in the province. And I'm not aware of any direct Chinese involvement in ag land. (Or Monette's) Oil plays another story.