Friday cocktail and end-of-week discussion

[foragefarmer]

Skfarmer, you're obviously still enrolled in Agstab in anticipation of that big payout.

Do yourself a favour and get an accountant that knows how to milk it, this will speed the process up and then you can stop worrying about how the bigger boys are doing it.

Or, just farm without Agstab like some of us do, and suddenly the worry will disappear.

[SASKFARMER]

I'm not worried, but Its a pyramid scheme and some can't see it.

[jdg364]

Skfsrmer.. maybe not a direct line to your msg above, but I’ve been watching some podcasts (turning dirt / truth about ag) that have some guests on there sharing their growth stories. It’s unbelievable what they’ve done.

The farm was basically rented out in the mid 2000s and the. 20 years later the farm is now 50,000+ acres. Not sure how they did it and continuing to do it. Not sure who backstopped them or if they just continued to double down and things worked out and live with a bunch of farm debt.

On a different note.. is there anything specific guys are looking at during the crop production. Myself I’m hoping to find some new crop prices for green peas and maybe some “Cnl specials”

[SASKFARMER]

Yeah, it's interesting times but I'm starting to see what they don't do. Much for the community.

I guess just be happy at our size enjoy farming with my boys and brother and soldier on.

The deal would give me 34 quarters in one block so that nice chunk we all dream about.

Should have bought it back years ago but the guy went with the first proposal I found out on Good Friday proposal.monday at 8. Hard to get financing if you just find out.

Any way back home and it's my 40th reunion from the UofS.

[sumdumguy]

The reunion will be great. I remember Ag Bag Drags in the late 60’s and early 70’s. They still have them? Those were the days, my friend. Every kid should have a chance to go to university at colleges like that. University of Regina never had that warm college camaraderie that Saskatoon had. Memories!

[farmaholic]

I always thought AgStab had checks and balances in place to track income, expenses, deferreds, pre-bought expenses, inventory, etc.

That's all well and good for honest people. But what about multiple accounts being filed under what looks like one farming operation from the outside but may have several tax filing entities under it?

Income taxes, crop insurance and Agstability could all be manipulated under that scenario. Not as easy to do under a single entity operation. I can say I don't know anyone who has collected from AgStab.

In some cases where there's a will there's a way to dupe the system.
SF3, if you can't beat them, join them. Play the shell game with all the items in the first paragraph of my post. Maybe your sons will be "going broke" on paper the first few years!

[Old Cowzilla]

In all the years my accountant has done Ag Stab. the only farms he tells to stay in it are the one's in cattle. When the cattle market go's south it go's south really bad. Corp bailout with Ag Programs has been going on for years the broke colonies 20 years ago have the nicest yards and the biggest , newest machinery in the area.

[SASKFARMER]

Just back from my 40 Th reunion from the UofS. So great to see all the guys and girls who attend. Both college and school grads.

Awesome ill go back for my next one and hope to run into others again.

Canola slow today but Soy going up and so is wheat.