Are the payments repayable?????

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Are the payments repayable?????

Mar 26, 2020 | 07:00 1 The average citizen is getting direct payments from the government ...some businesses as well....

Are they repayable?


Seems farmers are getting loans or extensions to loans....mostly something that should have been done when our crisis hit last October but the government ignored.

So have farm groups ignored the opportunity to get things right instead they praise the government for fulfilling a promise from the election....like WTF?????...

My MP isn't going to listen to my idea of putting intelligent Canadians out of work back to work on farms to replace TFWs...maybe they could learn a new skill set...

Nope we are going to give money to Canadians to sit on their ass while TFW do the work...

There is a bad feeling that most Canadians feel they are above sweeping a floor.... when that happens it exemplifies how China became a powerhouse and will again....because they want to work...

We can not sustain our standard of living if no one wants to actually work...and be responsible with the little they do earn...

People living in a $500000 dollar homes and receiving financial aid from the government will no longer have the ability to look down their nose at farmers....maybe there is something positive ought of all this....

Maybe they won't be so quick to judge farmers when shit hits the fan....

Although our conservatives certainly missed the opportunity to fix what they phucked up under Yerry.... Reply With Quote

  • Mar 26, 2020 | 07:06 2 More money coming for oil companies as well...I can understand that ...maybe they will be treated like SNC or Bombardier or Air Canada ...

    I am in a shit mood because western MPs had a responsibilty to represent their constituents and they failed.... Reply With Quote
  • 1 Like


  • Mar 26, 2020 | 07:21 3 Bucket, you have to give it a rest man, you're going to give yourself a brain bleed and there will be no room in the ICU for you. No, this financial help does not need to be repaid.
    What I find funny about this is that apparently no one has any equity built up in their businesses so that they could go to the banks and borrow for some short term help, just like farmers and ranchers do.
    You can't tell me the big three auto makers or the airlines don't have some assets that they could use to secure short term help. Reply With Quote

  • SASKFARMER's Avatar Mar 26, 2020 | 07:27 4 Jade you hit the nail on the head big business are worth billions on paper but real assets they have piss all. Same with all my neighbours in the city most are so far in debt it's not even funny. Reply With Quote
    Mar 26, 2020 | 07:29 5 Why give it a rest? It’s the truth this is a forum
    To get things right this has to be corrected. Explain
    Why it’s different then any other business that is
    Getting all these handouts all the time not just now.

    Our conservative heroes said it was easy to stop
    The power grab so why didn’t they stop this and
    Demand a similar cash payout for everything
    From lost sales to what’s coming here also shit
    Programs they helped destroy. Reply With Quote
  • 3 Likes


  • Mar 26, 2020 | 07:32 6
    Quote Originally Posted by Misterjade9 View Post
    Bucket, you have to give it a rest man, you're going to give yourself a brain bleed and there will be no room in the ICU for you. No, this financial help does not need to be repaid.
    What I find funny about this is that apparently no one has any equity built up in their businesses so that they could go to the banks and borrow for some short term help, just like farmers and ranchers do.
    You can't tell me the big three auto makers or the airlines don't have some assets that they could use to secure short term help.
    I will be fine....thanks for the concern...every time I hear our farm reps on the radio gushing on another loan or thanking Trudeau....for those couple of minutes there could be a brain bleed...

    But its good to exercise the heart rate occasionally... farmers in general should be outraged....thats my point.... Reply With Quote
    SASKFARMER's Avatar Mar 26, 2020 | 07:36 7 Give it a rest big wheel the conservatives are long gone it's skippy and the liberals backed by a sick group of Block and NDP and Green. This isn't a democracy any more.

    Yes, it's a great place for a discussion but most on here myself included would be killed off if skippy and crew actually succeeded and get their world gov. We would be marched out in a field told to kneel down and then lights out never to be heard from again. Sinister years ago I wouldn't believe but now it's coming and coming fast.

    A few want us all to work and they will run the world. Reply With Quote
    Mar 26, 2020 | 07:40 8
    Quote Originally Posted by SASKFARMER View Post
    Give it a rest big wheel the conservatives are long gone it's skippy and the liberals backed by a sick group of Block and NDP and Green. This isn't a democracy any more.

    Yes, it's a great place for a discussion but most on here myself included would be killed off if skippy and crew actually succeeded and get their world gov. We would be marched out in a field told to kneel down and then lights out never to be heard from again. Sinister years ago I wouldn't believe but now it's coming and coming fast.

    A few want us all to work and they will run the world.
    But somewhere in the 100s of billions that trudeau handed out ...don't you think the conservatives could have asked for something more substantial than more loans for farmers...

    Phuck sakes they could have defeated the government on this....they had the power to do something for their farmer constituents...they did SFA......Joe Clark was dismissed from the PM's job for less. Reply With Quote
  • 2 Likes


  • Mar 26, 2020 | 07:47 9
    Quote Originally Posted by SASKFARMER View Post
    Give it a rest big wheel the conservatives are long gone it's skippy and the liberals backed by a sick group of Block and NDP and Green. This isn't a democracy any more.

    Yes, it's a great place for a discussion but most on here myself included would be killed off if skippy and crew actually succeeded and get their world gov. We would be marched out in a field told to kneel down and then lights out never to be heard from again. Sinister years ago I wouldn't believe but now it's coming and coming fast.

    A few want us all to work and they will run the world.
    Stop being so narrow minded and such a conservative suck for once
    And don’t ever come in here whining like you always do every spring
    About how we’re getting fkd which is correct but we get fkd because
    We give our votes away to the conservatives for absolutely nothing in.
    Return then look all shellshocked when they get in and they actually make
    Things worse than they are. The loans are not the answer I have to ask
    When they defer all those cash advances is that because there is no grain
    To back it? I believe it is the case.

    You talk about the Ndp all the time yet conservatives can’t be challenged?
    The only reason we don’t get treated the way we should is the narrow minded
    Shallow brained farmers. Reply With Quote

  • Mar 26, 2020 | 08:02 10 Approaching two weeks since the start of this shit show and Leons yesterday saying 1/2 employees gone, not temporarily, 72 stores closed and bankruptcy likely next. Just the start. Government supporting people to survive, which won't work long term. Businesses, particularly small, are pretty much on their own and going to die in droves. Layoffs permanent. Plus people are going to lose their shit cooped up inside. Remember, we live in a world where people demand vacations and old people expect snowbird status. Entitled ****s who will eventually disobey government orders and then the fun begins.

    Just enjoy the show. The new season of 'New York: ICU' is really good and the new show 'New York: Morgue' is getting hot fast. Canada's own killer shows are coming later this spring, just being setback on the timeline a bit by a government who is a bit too fragile handle the content. Reply With Quote
    SASKFARMER's Avatar Mar 26, 2020 | 08:12 11 We have a new tridum grain trailer that needs to get repainted because of a **** up. The company has no employees now and is in restructuring mode. Yes, a trailer is a priority. But we're told we have to wait. Shit is going south and it's not the conservatives fault big wheel it the liberal shit show. Reply With Quote

  • Mar 26, 2020 | 08:26 12 Big Wheel, I meant that personally for Bucket, I don't want to see him stressed right out. Maybe I am looking at this wrong but what if the government instead of just handing out money, guaranteed loans to these small businesses so that they could make payroll even while they were closed. Then nobody would have to be laid off, would be less strain on the EI system and even if some of these loans are defaulted on it becomes the same as just handing out the money. The majority of people will try and pay it back and the government gets some of it's money back, now it is just gone Reply With Quote
    Mar 26, 2020 | 08:26 13 Here is a fact. ...

    Peter Mackay isn't sharp enough to fix this listing ship. ....

    That would be a job for Harper. ...

    Don't like my analysis....fair enough ...but Harper does know how to bring things back level....with the right team.... Reply With Quote
    Mar 26, 2020 | 08:37 14
    Quote Originally Posted by Misterjade9 View Post
    Big Wheel, I meant that personally for Bucket, I don't want to see him stressed right out. Maybe I am looking at this wrong but what if the government instead of just handing out money, guaranteed loans to these small businesses so that they could make payroll even while they were closed. Then nobody would have to be laid off, would be less strain on the EI system and even if some of these loans are defaulted on it becomes the same as just handing out the money. The majority of people will try and pay it back and the government gets some of it's money back, now it is just gone
    That is what the 300 billion was for when the government announced the initial 10 billion... Reply With Quote
    Mar 26, 2020 | 08:38 15 The payments are just enough to prevent the peasants from rioting in the streets. Too much of a payment and the citiots would blow it on non-essentials. Be grateful for those payments, they are preventing truckloads of marauders from coming to see what you have stocked in your freezer/fuel tanks/bins. The economic devastation is going to be far worse than the risk of dying from this. Reply With Quote

  • Mar 26, 2020 | 08:39 16 https://www.canada.ca/en/department-...me_Support_for

    Any relief for you?
    Can imagine this is just the beginning, stay tuned, more to follow. Reply With Quote
  • 3 Likes


  • Mar 26, 2020 | 08:44 17 Anyone company on the receiving end of money from the government should be required to lower employees and CEO’s salaries to a max of $500,000 for at least 3 years or until they have paid back the money given to them, including stock options. We have seen in the past that a lot of money was funneled to the top end when government money was given to companies. If they want money they should become lean themselves. Reply With Quote

  • Mar 26, 2020 | 08:48 18
    Quote Originally Posted by farmaholic View Post
    https://www.canada.ca/en/department-...me_Support_for

    Any relief for you?
    Can imagine this is just the beginning, stay tuned, more to follow.
    Welcome back farmaholic..won't speak for others....i have missed your comments and levity on this forum... Reply With Quote

  • Mar 26, 2020 | 08:53 19
    Quote Originally Posted by farmaholic View Post
    https://www.canada.ca/en/department-...me_Support_for

    Any relief for you?
    Can imagine this is just the beginning, stay tuned, more to follow.
    Good to see you back, thought mabey you had gone to that eternal resting place (the civil service) Reply With Quote
  • 1 Like


  • Mar 26, 2020 | 08:56 20
    Quote Originally Posted by farmaholic View Post
    Any relief for you?
    Can imagine this is just the beginning, stay tuned, more to follow.
    Welcome back.

    Anyway, its the same trend, loans for the west, cash with no strings for the east. The oil bailout package is all credit lines, maybe a bit of cash so oil worker go clean up wells or something.

    I talked to FCC about the govt funding for farmers. Term loans repayable within 2-3yrs and you have to apply and justify how you were wronged by the virus. Reply With Quote
    Mar 26, 2020 | 10:02 21
    Quote Originally Posted by farmaholic View Post
    https://www.canada.ca/en/department-...me_Support_for

    Any relief for you?
    Can imagine this is just the beginning, stay tuned, more to follow.
    Welcome back.

    I went through that yesterday and didn't see anything that would apply to our situation. But we aren't really in a situation either, looks to me like farmers are the least affected, and possibly stand to benefit from this in the end. Personally, having most of our crop out is a much bigger problem than the Covid 19, but farming in a high risk area as I do, I assume we will have catastrophe every year, budget accordingly, and in the rare event we don't have a disaster of some sort, it is a bonus.

    Has anyone talked to their bank, do any of these mortgage and loan measures apply to farmers? And if they do, is it the bank taking the hit, or can they pass on the losses to the government( and back to us taxpayers)? Or is it just a chance to stop or reduce payments for a while, but interest keeps acrueing, being added on to the end of the loan instead? Reply With Quote
    Mar 26, 2020 | 11:11 22
    Quote Originally Posted by farmaholic View Post
    https://www.canada.ca/en/department-...me_Support_for

    Any relief for you?
    Can imagine this is just the beginning, stay tuned, more to follow.
    Nice to see you again !!!! Reply With Quote
  • 1 Like


  • Mar 26, 2020 | 11:26 23 Quote from link I posted

    "Supporting Financial Market Liquidity

    As a further proactive and coordinated measure to bolster the financial system and the Canadian economy, the government announced on March 16 that it is launching an Insured Mortgage Purchase Program (IMPP). Under this program, the government will purchase up to $50 billion of insured mortgage pools through the Canada Mortgage and Housing Corporation (CMHC). This action will provide long-term stable funding to banks and mortgage lenders, help facilitate continued lending to Canadian consumers and businesses, and add liquidity to Canada’s mortgage market. Details of the terms of the purchase operations will be provided to lenders by CMHC later this week." Reply With Quote
    Mar 26, 2020 | 12:44 24 It appears the new Farmaholic can be described this way:
    Name:  facts.jpg
Views: 490
Size:  10.7 KBedit, I seen he has lost his usual avatar May I suggest this one as a possible replacement.
    Last edited by AlbertaFarmer5; Mar 26, 2020 at 13:12.
    Reply With Quote
    Mar 26, 2020 | 17:55 25 I'm sure we all can get the 10% wage rebate for any employees.

    10% doesn't seem like that big of deal when you figure they are willing to pay $8000 for most to sit around for 4 MONTHS.

    Does that mean they have 1 million++++ workers out of the job market for the next 4 months.

    Will that witchy looking woman have the switch turned to OFF for that long?

    She looks like she knows how to make bat soup. Reply With Quote
    Mar 26, 2020 | 18:04 26 The Banks basically Pawn the mortgages they hold to the Government to get operating liquidity? Reply With Quote
    Mar 26, 2020 | 20:36 27 Trudeau tweeted about the $5B to farmers 2 hours ago. Maybe some you who are into tweeting should reply to him your thoughts so all the non-farmers can see that it is just a loan and not free money like the others are getting. Reply With Quote
    ajl
    Mar 26, 2020 | 20:52 28
    Quote Originally Posted by Taiga View Post
    Trudeau tweeted about the $5B to farmers 2 hours ago. Maybe some you who are into tweeting should reply to him your thoughts so all the non-farmers can see that it is just a loan and not free money like the others are getting.
    It will end up being a grant to those defaulting on their payments. Watch for that. Reply With Quote