Over $13Million Input Capital Mortgages Already....Huh?

[RedLentil]

I thought canola streaming was a last ditch effort for someone desperate now they are in the mortgage business. I’m in the wrong end of this business. It will be Armageddon out there when this all comes to a head.

[ajl]

Lots of farms and colonies will be trying to sell on the sly to land investment companies this go around rather than admit they are in financial trouble. Keeping up appearances. Lenders like FCC will facilitate this in order to keep land values from sliding until it all blows up. On a related note, there were 3 parcels on the SK government land sale last week in the RM of Monet mostly cultivated. Two did not sell. One had 153 cult. and an assessment of $236000. Nobody challenged the opening bid which was high at $260000. A couple years ago that would have been advertised at $400000

[makar]

Around here the hutts finance by third party, they probably mostly pay interest only and arnt going anywhere soon.