Property Rights in A Market Economy

[parsley]

I haven't heard that expression for some time.

Do you want to comment on the budget just passed in Saskatchewan?

[pilpilsner]

You mean the largest one ever?

[checking]

Was the $0.10 an acre, $16.00/quarter, that Imperial Oil paid farmers, not enough to pay Tommy's taxes? Just checking! Blood pressure, blood pressure, blood pressure - no, still 120/80!!!

[checking]

Chuckchuck, your posts were really what I wanted to discuss. I don't know your province, but you seem to suggest that you've had some bad experiences with oil companies. As a surface owner, you have more power than what you've indicated, provided you didn't give them away for some short term gain through a bit of seismic money. In Saskatchewan, as a surface right's owner you have total control over the granting of oil company access to seismic gathering. ------------------For 40 years this farm was not the least interested in oil development, even those a succession of companies wanted to explore, because we determined the technology and infrastructure wasn't available to handle sour gas (H2S). It is sickening to be caught in the prevailing winds of a battery site that vents to atmosphere off its tanks that never reaches a flare stack. Vapor recovery systems off production tanks that are plumbed to flare stacks are an absolute minimum that you need to insist on from any oil company that comes a courting. The best you want to strive for is pipelining to an area gasplant where production gas and tank vapor gas can all be process utilized. ---------------------------I'm in an area where it is absolutely essential to have seismic data to determine formation tops and the existance of potential oil trap structures. This farm, although it owns less than 5% of the mineral rights on its land base, turned down all offers for seismic work. Give up your seismic rights, before you have an invited kitchen table discussion with the head office personnel who have the final say for their oil company on what you expect out of them and what their plans are on your land, and you will have a potential for a farming lifetime of grief. Do it right and we've found that the seven oil companies that are on our lands will bend over backwards to keep a smooth working relationship.

[wilagro]

parsley: No, I don't remember what the mineral rights tax was. That was a long time ago and my father's been long gone as well. My brother can't sell the rights that he inherited...our !@#$% AB government made darned sure of that. It is even a wonder that my brother was able to inherit the rights.

If I find out any pertinent details, I will let you know.

Cheers

[checking]

Come on Avers, please tell me what you know about your father's or your grandfather's confiscated mineral titles that were taken over by the 1944 Saskatchewan government Mineral Tax Act for failure to pay the legislative rate. Grandmother won't post it here, even though she suggested what was an interesting speculation (verification). I'd like not to hear that some dead guy told some other dead guy that this happened, so it must be true. You don't have to go to grandmother's casino site in Las Vegas by touching a clicky blue thing when the Regina casino is where it was first posted.

[checking]

Mineral Land Tax - The Mineral Taxation Act provides for a mineral tax to be levied against all owners of mineral rights. An individual is taxed only on the mineral rights owned in excess of five nominal sections (3200 acres). All mineral rights owned by corporations are taxable, with the exception of those minerals within the corporate limits of cities, towns and villages, minerals underlying railway right of ways and cemiteries, anf farm corporations which meet certain guidelines. In addition, an exemption from tax is available to mineral rights purchased for reserve creation under Saskatchewan Treaty Land Entitlement Agreements. ----------------------------Thank you grandmother. You are a real peach! I'm sure there was an abundance of 5 section family farms that were picked off one by one on their mineral titles.

[Burbert]

NEWSFLASH YA'LL Canada isn't even an independent nation, we's all British subjectives. Think now, it is actually based on perogies, cause her majesty kin shut down parliement, anytime she wants. Actually the nation fares better, when the feds and provs are in recess anyways!

[parsley]

checking claims, "An individual is taxed only on the mineral rights owned in excess of five nominal sections (3200 acres"

My family owned less than the amount of land you have stated; however they did get billed and did pay their mineral rights taxes; so either you are quoting a mineral act that was not in force at that time, or perhaps one that is from a different province or from a different country, but I wouldn't be surprised if it is simply generated from a figment of your sarcasm, either. Pars

As a sidebar, I don't gamble at all. I don't go to any casinos; it's a personal choice, but I'll take your experienced word for it about the thingamabobby buttons: it sounds like you are well versed in your area of expertise.

[parsley]

burbert, get your coupon and fill your day with Wheat Board happiness. You're paying for it anyhow.Pars


http://forum.smartcanucks.ca/72685-free-colouring-book-canadian-wheat-board-canada/



Simply Homeade Spring '09 Recipe and Coupon Booklet

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0
In stores!!!

I found mine in Sobeys at the customer service desk....

contains
$1 Robin Hood Flour July 31 09
$.75 Crisco all Vegetable or Golden Shortening July 31 09
$1Crisco Canola or Vegetble Oil 946ml or larger July 31 09
Free Coloring book with $1.18 postage from the Canadian Wheat Board --mail in form