UFA GIC's

[Gofer]

UFA Co-op is offering 7% for a three year GIC.
Anybody know what shape UFA is in ?

[farmaholic]

Is the principle at risk at all or is it guaranteed?

[charliep]

GIC or a bond?

[Gofer]

It is a Member Investment Plan, a term deposit really, that is neither guaranteed or insured. It is secured by UFA's balance sheet and reputation only. Interest paid semi annually by direct deposit. Details on UFA.com

[charliep]

In general, you would need to check out annual reports to answer the question you posed. Are available on the UFA website.

[wilagro]

No dividend for two years. I wouldn't touch it with a ten foot pole...in fact I am pulling my equity OUT.

[cottonpicken]

Wil,and Charlie i remembered you two as paper
pushers a while back?

Paper assets have been burning for a decade,act
accordingly,whats that insanity definition?

[GreenValley]

I am done with UFA, they cut me out. So I move over to Co-op. And never go shopping to UFA. Hope they go under. Dividend is joke.

[TOM4CWB]

"The bad thing about burning your bridges behind you is that the world is round."

Gofer,

I hope this setback for UFA teaches them to stay true to those who built this company... farmers.

If they provide good service and products... we need the competition...

[ALLFARMER]

Let's see ...they lost 50 million last year....50
million the year before that...the are now big into
some shoe store...Footlocker I think it is. Have
fired the CEO a year ago... I am a farmer and
the service has only recently gotten better but I
still rarely go there. Buy some land 10% return
easy collect rent secure