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so the graincos are getting help.....interesting

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  • bucket
    Senior Member
    • Jan 2008
    • 17024
    #1

    so the graincos are getting help.....interesting

    Senior officials will announce on Thursday June 13th that Ottawa is providing additional credit insurance for grain companies selling canola abroad, said the sources, who requested anonymity because they were not authorized to speak to the media. Canada is the world’s biggest canola producer....


    thats from Reuters...
    Tags: None
    • blackpowder
      Senior Member
      • Feb 2010
      • 9262
      #2
      Can't they already purchase insurance for that privately?

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        • farmaholic
          Senior Member
          • Sep 2010
          • 17479
          #3
          .....patiently wait under the banquet table for your crumbs to be brushed from it!

          sarc.

            Comment

            • redleaf
              Senior Member
              • Feb 2008
              • 380
              #4
              Originally posted by bucket View Post
              Senior officials will announce on Thursday June 13th that Ottawa is providing additional credit insurance for grain companies selling canola abroad, said the sources, who requested anonymity because they were not authorized to speak to the media. Canada is the world’s biggest canola producer....


              thats from Reuters...
              Please review my comment under the “Ralph jumping up and down” thread from a few days ago.

              Federal aid coming for western farmers.
              I can only imagine what form it will take. I’m guessing it will have to be filtered through the line companies and railroads with possibly some administered by chemical fertilizer and seed companies.

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                • Oliver88
                  Senior Member
                  • Dec 2012
                  • 4688
                  #5
                  Does Jim Carr’s Winnipeg riding include the Richardson head office?

                    Comment

                    • macdon02
                      Senior Member
                      • Sep 2007
                      • 1858
                      #6
                      Originally posted by blackpowder View Post
                      Can't they already purchase insurance for that privately?
                      The ****ing letter of credit goes in place before the sale is completed. This isn't for the grain cos, we are gonna finance every other country in the world so they can buy our grain. Plus, now they are talking of pegging rates on govt debt. Who buys all this grain? Arms of govt. The ****ening continues. When these EM countries start defaulting on debt, guess whose getting it in the ass? We'd be further ahead getting paid to idle land. At least GOC isn't paying for the grain twice. There's zero risk to grain co as is. This is like a bank bailout in 08
                      Last edited by macdon02; Jun 13, 2019, 09:10.

                        Comment

                        • bucket
                          Senior Member
                          • Jan 2008
                          • 17024
                          #7
                          EDC will cover an additional $150 million in export volume to “mitigate the risk of selling into new markets and make it more likely they can access working capital from their partners,” said executive vice-president Carl Burdock.


                          This is so great ...canola prices just shot up a buck a bushel?????

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