$18000 a year!!!

[checking]

You'd have a better point hopper if depreciation rates on equipment were closer to 100% than the the first year rates of 10% and 15%. Tax avoidance through those purchases is a quick road to negative income territory, not an $18,000 income.

I don't feel like purchasing 10 lbs of canola seed/acre to save an $18,000 government installment payment that's due at the end of the month, either.

I'll happlily pay the tax, just to skew lesm's reported farmer salary!

[DogPatch]

Hobbyfarmer, doesn't look like you have any livestock either, nor kids in school etc.

That 18000 was pretty much bang on for us in 2006 and averaged about that for the last 6 years.

[hobbyfrmr]

Yes, I have just started my family activities. 2 kids in school,karate and dance and a baby. I try to farm 1500 acres. I operate 23 year old equipment that runs well, thats part of the reason why I forgot depreciation. So, my thoughts are, run older equipment, do everything I can to pay for my land. Long term I can either sell or rent out for retirement revenue.

[food4u]

I got my results this afternoon.Sample was delivered on Nov 10th. Three phone calls later--- had to leave message as no person answers the phone. Results were negative-- west side of Lake Diefenbaker.

[food4u]

I got my results this afternoon.Sample was delivered on Nov 10th. Three phone calls later--- had to leave message as no person answers the phone. Results were negative-- west side of Lake Diefenbaker. Now i can sell flax-- missed a 9.00 dollar market in Moose Jaw. Thank you to the Triffid growers.

[parsley]

<p></p>
<p class="EC_style8ptBK"><strong><a href="http://www.latimes.com/business/nationworld/wire/sns-ap-us-monsanto-executive-compensation,0,7873853.story">(Farmers' 2010 Net Needs Lowering to $17,000 to Make Up the Loss?)</a></strong></p>

[DogPatch]

Shucks, that only works out to 846000 acres of $15 dollar TUA.

Can ANYONE tell me how a CEO of even a big company like Monsanto can justify a salary like that? And from what I have read, he's basically working for peanuts compared to some!

[wd9]

They could hire lesm who spells salaries with an e and save a lot of money by paying him $18,0000 per year. However it would be unlikely they would profit anywhere near the same level.

CEO's like Hugh are a rare commodity and they are compensated accordingly.

[parsley]

wd9,

Perhpas lesm can't spell every word properly, neither can I, but my observation is that a lot of the lesm's of the world, operating their farms, are trusted and trustworthy.

Too many of the educated elite, which includes too many of the world's current CEO's and government heads, are running amok,(just look at the derivitives fiascos); lack decency, if Climate Change Fraud and Bre-X are canaries in the well; lack ethics if AIG is any indication.

The ability to merely ca-ching up wads of cash, doesn't warrant a 'world's the limit' salary or warrant respect or warrant trust. Madoff comes to mind.

Values are subjective, aren't they.
Value is subjective, isn't it.

I say pay a man really well if he has a wide view of his responsibility. But it doesn't end at himself.

[bduke]

Parsley.... I agree with you.

I do think executive pay has become extremely over
rewarding for many CEO's, especially compared to
their average employee remuneration.

Albeit their reported "pay" includes the value of
stock options, performance share awards, restricted
share wards and pension top ups.

A dilemma can occur when contingent problems
arise after the awards have vested. The structured
credit mess is an example.

To my knowledge the Courts have consistently
adjudicated in favour of the executives.

While the CEO's have effectively used comparative
data to raise the "pay bar" to their benefit, times are
changing a little.

Board of director governance demands are instilling
a conscious evaluation on CEO indispensability.

Time will tell whether "say on pay" will have a
lasting effect...... Bill