My analysis...

[bucket]

Farmer A is a 4000 acre farmer...

Farmer B is a 4000 acre farmer...

A & B have the same equipment and rotation.

A is a personal farmer and receives no CEBA

B has a company an receives CEBA

both have a 40000 dollar fuel bill.

A pays 40000 , B pays 30000 because 10000 is a grant from CEBA

Farmer B goes to the bank and uses the spare 10000 to his agriinvest account it becomes 20000....

Farmer B now has only 20000 to pay back to the government...


Farmer A is thinking about calling RBA

He has to compete his neighbours using government money, the american farmer using government money and the russian government spending on the infrastructure and creating the crow rate ...


your thoughts?

[farmaholic]

Incorporate and pay salaries?

[Guest]

can't imagine not being incorporated ?
helps immensely to grow farm
helps after the sale as well

[LEP]

Or maybe not every farmer will apply for CEBA and instead concentrate on production and efficiency.

[furrowtickler]

Until the tax man changes the rules , I would not trust this liberal government for one second .. jmo

[blackpowder]

Your point?
I'm sole proprietor, I got ceba, I cash out my agrinvest every year, and I still paid the fuel bill.

And when im gone, Russia and China and the US will still be there. And there will still be a Trudeau in Ottawa.

[Bowerpower]

20,000 don’t make or break a 4,000 acre farms

[Richard5]

All good until A has to respond to the letter asking for proof that covid has caused his farm hardship and he is not able to do so.

Every grain farm who took it will have to pay it back in full in my opinion

[Partners]

As long as you had a loan prior to covid and have loan payments..
Good to go.
Just took 2 months to get it..
Form says repay 30 grand..
The only thing grain farmers can get from turdo..

[Richard5]

As long as you had a loan prior to covid and have loan payments..
Good to go.
Just took 2 months to get it..
Form says repay 30 grand..
The only thing grain farmers can get from turdo..

You are not understanding my point but whatever
Then you might as well apply for Cerb also, or maybe you have already. Anyone can apply for and will receive the funds, doesn’t mean you qualify.

[fjlip]

can't imagine not being incorporated ?
helps immensely to grow farm
helps after the sale as well

If the TURD copies Democrats tax plan, ALL capital gains taxed at full rates...no retirement for farmers.

[farmaholic]

Maybe Western Canadian farmers shouldn't have produced a crop this Covid year.

Then maybe the economy would realize and appreciate our value to it.

$10,000..... that's too much? LMFAO, because that's all it really is.

Maybe they should focus on all the other handouts and bail outs and loans that won't be played back because the people, businesses and companies have no intention or ability to repay it!

What percentage of the Covid Cash handouts are the $40,000 loans with only $30,000 needing to be repaid taken by Western Canadian farmers.....yup total number of farms receiving a CEBA loan multiplied by $10,000..... ya I know.... staggering and mind numbing isn't it.

Talk about an under appreciated, taken for granted, segment of society and part of the economy.

[farmaholic]

I can't shovel grain due to china virus !

I don't have any masks !

I can give you one.

[Partners]

You are not understanding my point but whatever
Then you might as well apply for Cerb also, or maybe you have already. Anyone can apply for and will receive the funds, doesn’t mean you qualify.

They changed the rules from the 1st go round.
2 months and 10 phone calls back from them.
Mothers maiden name and blood type.
They made dam sure we qualified.

[Horse]

can't imagine not being incorporated ?
helps immensely to grow farm
helps after the sale as well

Why the change of position ,not too long ago everyone was saying there was no tax advantage to being incorporated,hard to have faith in those that lean with the wind.