Politicians and Farm Group Leaders

[bucket]

Maybe. But it shouldn't take as long as they are buggering around in canada.

[vvalk]

Bucket. You can write off your storage in one year I believe but 2 for sure. You lease the bin and buy it out for $1. Lease rates with RBC are the same as normal financing

[FarmRanger]

Anything works if you never get audited.
Don't bank on a having Revenue Canada agreeing that your "lease" is actually a lease, rather than a capital purchase with modified loan payments subject to class 6 CCA allowance.

[bucket]

Leasing is a loophole and when Revenue Canada decides to close it, it might be nasty on bins.

Plus rather than make a leasing clause why doesn't the government accept some responsibility and change the CCA to reflect what is going on. Same with equipment.

[bucket]

vvalk

I didn't expect you to put 2 and 3 together.

If farmers were allowed to build on abondoned sidings that the railways use to park cars and expense the trackage, they could put up facilities that put the grain in a moveable position.

I see guys putting up bins all over the place - why not a nice facilty stored along a railway? with bins that can make turns - and actually get the attention of the graincos.

If ten farmers each bought a 30000 bushels bins with a leg out and ordered their cars through the CGC or a producer car administrator, alot of elevators might rethink their basis, or their business plan.

Storing in the middle of butt****, nowhere near a rail line makes no sense.

Having grain at a rail siding waiting for the cars does.

But farmers can't put up bins at a siding if the railways say they can't do it.

The local coops are selling bins like crazy with viterra out of that business. Right across the highway is a spot that those bins could be used as a facilty that the coop could take on as a business service for its patrons.

[ado089]

CN called Friday to tell me they spotted me 2 cars. They must be some sort of new invisible cars because I can't see them. This is how efficient these companies are.

[Hopalong]

With reference to surface transportation board in US, was told it monitors and can control rail rates in 'captive shipper areas'.
Sounds like a better solution to monopolist behaviour than our revenue entitlement policy.

[vvalk]

It's perfectly legal to lease your bins this way. It has been audited and passed. When you sell your bins you will have to pay the recapture just like if you depreciated it. Why not use the write off now while we are making money. Depreciation doesn't help when you don't have any profit

[TOM4CWB]

Bucket,

Our local Viterra input supplier that got transferred to CPS is selling more bins than before by the looks of things. Were your Viterra Agro transferred to Federated?