Agstability accountant poll

[SASKFARMER]

I love what Crop insurance provides. You pick your coverage 70 or 80% and pay a premium.

We take extra for hail insurance.

If we had a total write-off it is enough to get you through a year with no problems.

AG STAB just finished an audit that covered 2015 to last year. Never collected one penny in any year since 2002 but make-work projects are fun.

Big talk and no action.

Collected for 2002 and then five years later paid every penny back. Oh, 2002 it froze on the 4th of August with -5 for over 10 hrs.

USELESS but hey some figure out how to get a payment every 3 years and it's fun with numbers and legal.

[bucket]

If any saskfarmer recieved $ 100 000 plus from agSTAB in any of the past six years Expect an audit from scic !

Really don't know how a guy can be audited when the forms go through at least 3 verifiers. .

They should asking the staff how they approved it, not the farmer.

It's like the CERB and the governments phuck up...wanting people to pay it back after they change the rules.

No reason for audits

[fjlip]

Actually sent us a couple dollars in 2009 due to crazy fertilizer prices. After changes in 2010 or so, we stayed out. No chance of one cent since.

[Old Cowzilla]

Good luck to those that participate in the program !

If I had good luck I wound not participate in the program. I was going to leave it until I saw the long range forecast. Sent the check already and hope not to collect just got bad feeling that these high grain prices will be offset by shitty crops. And if its shitty crops across western Canada cattle will tank and I will get it from both ends. A couple more years and I will tell everybody to STICK their programs. P.S. A little on edge was doing books lastnight.

[LEP]

Without getting into too many details, I have been out of the program since about 2012 until last year. I have a july yearend which allows me to kind of have a better idea on a payout before paying the annual premium.

2019 for us was a horrible year. I had experienced a couple dry ones in a row and felt brave enough to drop my crop insurance to 70% from 80%. When i did a look at the numbers, I realized that if I had stayed at 80% coverage, I really had almost zero chance of collecting under the old rules. This will change quite abit if the new rules are adopted as proposed by Bibeau.

I have a unique setup where I use a smaller firm to do my annual tax returns, but use the firm you mentioned for estate planning and major tax planning moves. I think you are at the stage of your career where it makes sense to use them. They see so many different scenarios and have spent the time to think through different strategies that a smaller accountant doesn't do or have time to do.

[bucket]

I don't know why I comment on this topic...Just scrap the whole phucking program...Its garbage based on 5 years with an Olympic average ...

Meanwhile, its direct payment in the states and the current total is approaching 100 billion CDN...in the last 4 years.

The message should be ....give farmers a better program that is equivalent to our competitors and our contribution to both the environment and the economy...a few thousand here and there isn't cutting it when fuel goes up 30 cents and fertilizer is up 50 percent..

It might not affect guys this year but what about down the road when grain prices drop ...and they will long before inputs go down.

[Old Cowzilla]

we will never be on a level playing field I'm afraid.

[blackpowder]

Thanks.
While on the subject.
A reliable source yesterday told me the govt is looking at changes to our inventory adjustments etc.
Fertilizer not stored on farm no longer inventory. Further stuff.
Get informed.
Call your commissions bahahahahaha

[dimitrybernic]

believe me, it's better to give money to an accountant than to make a huge number of mistakes in finance

[Guest]

Out in 2015 , never looked back