Purely Canada Foods Corp

[the big wheel]

Dum question:
The farmer always pays the premium, whether hidden in a nonbankable bond or an insurance fee.

The question is, do farmers and bankers want bankable insurance with a specific guarantee and timeline for payment? Or do farmers wish for a bond that is not bankable, offers only suspense on % of coverage, and a prolonged calculation process impacting cash flow?

Market diversity is our key to survival in the new era of global competitiveness. To thrive, we need to attract investment in value-added industries to create fresh and unique markets. Indeed, food factories of the future can pick their location, it is in our favor to attract them to the prairies.

Building a system that enables diversity in western Canada would be most beneficial to the farmers.

Why is it that the farmer is the one always expected and paying for as in this case the risk to get paid for their product? It seems as though our representatives always get duped into passing the risk to us farmers when they design any program or method of doing business. that cost should be to the consumer like everything else that we pay for.

[iceman]

I may have not stated clearly about barley, what I meant was most consider barley safe to sell if to the larger cos but not always the case to the feedlots.

There was a post on facebook that Monette is forcing foreclosure on a mortgage? someone explain? is it that Monette have a mortgage to Purely based on grain owned or is there some other tie up here we re missing? Why would they need a mortgage? are there things set up to protect these companies from us farmers getting paid from their assets?

The mortgage had to be agreed to by both parties no?

The real question here is on august 28 at 11:57pm the grain commission revoked purely Canada license. On August 29 KF registers a 4.2m mortgage on the Lajord elevator.

If this goes to bankruptcy how does the courts treat this? If producers are shorted than KF and monettes just jumped from unsecured creditors to secured creditors.

It will be interesting to see how this survivor show plays out. Lots of employees are starting to leave now.

Iceman

[blackpowder]

Why is it that the farmer is the one always expected and paying for as in this case the risk to get paid for their product? It seems as though our representatives always get duped into passing the risk to us farmers when they design any program or method of doing business. that cost should be to the consumer like everything else that we pay for.

Who pays it then?
The buyer? His costs worked into bid. It's your $ you're protecting. Who pays your car insurance?
Who would you like to pay it and with what from where?
I'm having trouble following along.

[westernvicki]

Why is it that the farmer is the one always expected and paying for, as in this case, the risk to get paid for their product? It seems our representatives always get duped into passing the risk to us farmers when they design any program or method of doing business. That cost should be to the consumer like everything we pay for.

Indeed, it is a valid question. I guess the quick answer is because it is your property, and there is a risk in the trade you need to cover.

I will ask you a question in return: Why would they want to risk doing business in Canada when they can invest in the USA, where the farmer will purchase their own insurance to cover the risk? There is no carbon tax, less employment costs, lower operational costs, and less competition.

[blackpowder]

Blackpowder, we beat that drum for years. It comes down to who pays the premium?

I remember the old arena boards and coops when retired farmers ran them. In To The Ground.
Hopefully more farmers now with off farm experience modernize the industry.

[the big wheel]

Indeed, it is a valid question. I guess the quick answer is because it is your property, and there is a risk in the trade you need to cover.

I will ask you a question in return: Why would they want to risk doing business in Canada when they can invest in the USA, where the farmer will purchase their own insurance to cover the risk? There is no carbon tax, less employment costs, lower operational costs, and less competition.

In fact when I dump the grain in the pit its not my property.

I cant say that I know the US system so I cant comment on that other than to say pretty petty to bring up Carbon Tax as an issue? hahaha although in some ways It is an issue bu not related to getting your money, the more I research the more it is a fact if we do not have some sort of carbon pricing we will be getting less for our product or in fact some countries will not purchase our product at all.

I dont think insurance is the answer also I simply replied it shouldnt be another added on cost to us. I think perhaps instead of a failed agristability in fact corrupt agristability perhaps that money could go to some monetoring and some sort of funds perhaps loans to these processors simular to a cash advance where these companies have loans with fed and prov gov and can then pay our money at delivery, those loans would only be given to companies with required financial standing. That way somebody definately would be watching whats going on and wouldnt be another burden on us farmers.

[the big wheel]

Who pays it then?
The buyer? His costs worked into bid. It's your $ you're protecting. Who pays your car insurance?
Who would you like to pay it and with what from where?
I'm having trouble following along.

I dont actually think another insurance bill to the farmer is the answer actually.

[LEP]

I dont actually think another insurance bill to the farmer is the answer actually.

It is you that wants protection. This isn't lala land.

Time to put on your big girl panties.

If you don't like the terms offered, sell your grain to someone who offers acceptable terms. That's business.

[the big wheel]

It is you that wants protection. This isn't lala land.

Time to put on your big girl panties.

If you don't like the terms offered, sell your grain to someone who offers acceptable terms. That's business.

OH my mr smart ass returns have you not been listenning to whats happenning? The specialty crop industry is gonna take a major hit because of the lack of over sight by current and former govs. Ask anyone if theyre comfortable selling and waiting for payment???? doing nothing as you suggest will destroy markets for many commodities great idea dim whit;.

[LEP]

OH my mr smart ass returns have you not been listenning to whats happenning? The specialty crop industry is gonna take a major hit because of the lack of over sight by current and former govs. Ask anyone if theyre comfortable selling and waiting for payment???? doing nothing as you suggest will destroy markets for many commodities great idea dim whit;.

So I have been farming for over 35 years. Pulse crops usually have payment about 2 weeks but there are options out there for faster payment.

Use them if that is what you want. If enough people do it the industry changes how they pay or they go out of business.

Your constant whining solves nothing princess.