Unharvested grain now qualifies for cash advance

[WPmarkets]

Cash advances changed to include unharvested grain.
The Canadian Canola Growers Association has unveiled a new cash-advance option available to grain and oilseed farmers with unharvested grain.
Read the whole story here: [URL="http://www.producer.com/2016/11/cash-advances-changed-to-include-unharvested-grain/"]http://www.producer.com/2016/11/cash-advances-changed-to-include-unharvested-grain/[/URL]

[bgmb]

lol, who in their right mind would take overwintered canola swathes as collateral

[ajl]

The canola growers can go and harvest those crops in the spring too.

[AlbertaFarmer5]

I was wondering if that was possible, but it would seem like a risk I wouldn't be willing to take. Could be nothing but deer droppings by spring, but I doubt that will be an acceptable repayment medium. Must have to be some kind of insurance backing it up?

[furrowtickler]

That sounds like a wreck to me .

[riders2010]

If there was an ounce of brain in both ag departments they would pay out the crop insurance and if there is grain in the spring you pay it back. They have all the info they have the staff to handle this.
It s not going to be much more money anyway because most people are at their coverage or above already if they harvested even half their acres because the coverage is so shitty.

But hey we have a disaster program right? Or should we say the program is a disaster??

[Ache4Acres]

Sounds like a response to input capital to me

[bgmb]

Sounds like a response to input capital to me

What tricks are those loan sharks up to?