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Oct 26, 2020 | 13:49 1 Canada Emergency Business Account now open to businesses using personal banking accounts.

https://www.canada.ca/en/department-finance/news/2020/10/canada-emergency-business-account-now-open-to-businesses-using-personal-banking-accounts.html Reply With Quote
Oct 26, 2020 | 13:57 2
Quote Originally Posted by DaneG View Post
Canada Emergency Business Account now open to businesses using personal banking accounts.
Wouldnt touch those govt programs with a 10 foot pole.

In the spring, CRA is going to have a field day auditing everyone that did. Reply With Quote
  • 1 Like


  • Oct 26, 2020 | 14:14 3 This is cleverly masked as a gift to the banks, a total sham to tax payers but another secret transfer to liberal friends. I finally caught on when the bank manager phoned me last week to ask why I didn’t take the CEBA , just click the link on your internet banking page... No thanks Reply With Quote
  • 1 Like


  • blackpowder's Avatar Oct 26, 2020 | 14:42 4 Bonus for the banks sure.
    Free money, I'll take it every time.
    They'll be forgiving half of them anyway.
    CRA cant be worse than the ex wife's lawyer to deal with. Reply With Quote
  • 2 Likes


  • Partners's Avatar Oct 26, 2020 | 16:26 5
    Quote Originally Posted by jazz View Post
    Wouldnt touch those govt programs with a 10 foot pole.

    In the spring, CRA is going to have a field day auditing everyone that did.
    They asked a million questions.
    And it took 2 months with mega phone calls to qualify.
    They screen the shit out of applicants in this 2nd round.
    1st round ..that's another story. Reply With Quote
    Oct 26, 2020 | 16:58 6
    Quote Originally Posted by Partners View Post
    They asked a million questions.
    And it took 2 months with mega phone calls to qualify.
    They screen the shit out of applicants in this 2nd round.
    1st round ..that's another story.
    And if they didn't they would get belittled for just giving money to anyone.

    What if this new inquiry finds issues that were deemed wrong will the opposition demand everyone send back the money or what is the point of it? Reply With Quote
    Oct 26, 2020 | 17:23 7 Well since 10-20% of regular loans are likely to go into arrears and then default, the banks must have needed some more new blood.

    Somebody in Ottawa thought it was genius to loan money to small businesses and then shut them down.

    You can assume the $500B Trudeau spent is just like a revolving facility, its going to get paid back by the recipients and others one way or another. Reply With Quote
    Partners's Avatar Oct 26, 2020 | 17:41 8
    Quote Originally Posted by wmoebis View Post
    And if they didn't they would get belittled for just giving money to anyone.

    What if this new inquiry finds issues that were deemed wrong will the opposition demand everyone send back the money or what is the point of it?
    Exactly. Take a chance on it if people qualify.
    What IF the total amount is forgiven??
    60 grand in your pocket..still buys something? Reply With Quote
    Partners's Avatar Oct 26, 2020 | 17:43 9 This covid horse shit might never end and more dollars could be coming.? Reply With Quote
  • 2 Likes


  • Oct 26, 2020 | 18:03 10
    Quote Originally Posted by Partners View Post
    This covid horse shit might never end and more dollars could be coming.?
    It looks to me like there will be a vaccine available in 2021 if five companies are already in the late stages of development. It’s possible that Trudeau will procure a Chinese knockoff version via SNC-Lavalin create a disaster.....would not be surprising. Reply With Quote
  • 1 Like


  • Oct 26, 2020 | 20:42 11
    Quote Originally Posted by Oliver88 View Post
    It looks to me like there will be a vaccine available in 2021 if five companies are already in the late stages of development. It’s possible that Trudeau will procure a Chinese knockoff version via SNC-Lavalin create a disaster.....would not be surprising.
    We all should be buying Moderna shares. May make 2 x the $10,000 freebe CEBA you are all talking about Reply With Quote

  • Oct 28, 2020 | 09:23 12
    Quote Originally Posted by Partners View Post
    Exactly. Take a chance on it if people qualify.
    What IF the total amount is forgiven??
    60 grand in your pocket..still buys something?
    What IF they forgive the debt but now own your land? Reply With Quote
    Oct 28, 2020 | 10:05 13 Make the agriinvest deposit...double your money with free money from government...zero dollars out of your pocket... Reply With Quote

  • Oct 28, 2020 | 16:32 14
    Quote Originally Posted by wiseguy View Post
    They should up it to 7-10 % match like government employees !
    You could be using a Government grant to get matching government dollars...can't get better than that... Reply With Quote
    Oct 28, 2020 | 17:01 15
    Quote Originally Posted by bucket View Post
    You could be using a Government grant to get matching government dollars...can't get better than that...
    What is it? $10,000 matchable AgInvest max? Kinda chump change in the grand scheme of things but better than nothing.

    Can leave alot more on the table missing the highs in grain prices. I do. Reply With Quote
    Oct 28, 2020 | 17:11 16 I don’t get the controversy on Agriville over this loan program but it seems to be a raw nerve. Take the loan don’t take the loan it really doesn’t matter, it is a $40,000 loan where you pay back $30,000. I really doubt the government has mass audits planned if you pay it back. I assume most Canadian members on this board farm 2000 acres or more so you are grossing $750,000 plus. This program is really insignificant either way. Reply With Quote
    helmsdale's Avatar Oct 28, 2020 | 17:53 17
    Quote Originally Posted by Grahamp View Post
    most Canadian members on this board farm 2000 acres or more so you are grossing $750,000 plus.
    Wouldn't that be something else... 750K gross on 2000ac. If you pull half that on those acres I figure you're doing WELL "around here". Reply With Quote
    blackpowder's Avatar Oct 28, 2020 | 18:16 18 And behind a little here. Reply With Quote
    Oct 28, 2020 | 18:43 19 Really? You don’t think a 2000 acre farm grosses $375 an acre? 36 canola and 53 wheat? Half would be 18 canola and 26.5 wheat. Even the ghetto of the ghetto is not that bad. I don’t mean to sound condescending or be a jerk, I am genuinely surprised that is a figure people would disagree with.
    Last edited by Grahamp; Oct 28, 2020 at 18:48.
    Reply With Quote
  • 1 Like

    GDR

  • Oct 28, 2020 | 18:48 20
    Quote Originally Posted by blackpowder View Post
    And behind a little here.
    here too Reply With Quote
    Partners's Avatar Oct 28, 2020 | 19:03 21 Timely rains can double the gross income in a hurry.
    Lack of.. can cut in half. Reply With Quote
  • 1 Like


  • Oct 28, 2020 | 19:04 22
    Quote Originally Posted by helmsdale View Post
    Wouldn't that be something else... 750K gross on 2000ac. If you pull half that on those acres I figure you're doing WELL "around here".
    Maybe you are thinking net. I think that number is a little low for gross. Reply With Quote
  • 1 Like


  • Oct 28, 2020 | 20:29 23
    Quote Originally Posted by Tucker View Post
    Maybe you are thinking net. I think that number is a little low for gross.
    I wanna farm where you're farming. Reply With Quote
  • 2 Likes


  • helmsdale's Avatar Oct 28, 2020 | 20:34 24
    Quote Originally Posted by Grahamp View Post
    Really? You don’t think a 2000 acre farm grosses $375 an acre? 36 canola and 53 wheat? Half would be 18 canola and 26.5 wheat. Even the ghetto of the ghetto is not that bad. I don’t mean to sound condescending or be a jerk, I am genuinely surprised that is a figure people would disagree with.
    I'm not disagreeing that most do. 375/ac is an "all the stars align" kind of year in the special areas. I was simply saying, it sure would be neat to be able to reliably gross 375 an acre. We're alot closer to 200/ac here. And it can certainly be considerably less! Reply With Quote
    Oct 28, 2020 | 20:55 25
    Quote Originally Posted by helmsdale View Post
    I'm not disagreeing that most do. 375/ac is an "all the stars align" kind of year in the special areas. I was simply saying, it sure would be neat to be able to reliably gross 375 an acre. We're alot closer to 200/ac here. And it can certainly be considerably less!
    Well that's a bit of a wakeup call for me. I budget for an average net of 200/ac. Maybe rocks and clay do have a place in ag. Reply With Quote
  • 3 Likes


  • GDR
    Oct 28, 2020 | 21:23 26
    Quote Originally Posted by Tucker View Post
    Well that's a bit of a wakeup call for me. I budget for an average net of 200/ac. Maybe rocks and clay do have a place in ag.
    Fully realize there are differences in areas but with the advances that have been made with direct seeding and crop inputs the gap has narrowed in the last 20yrs. I would think more areas would be closer in numbers to me than to Helmsdale's area (and I don't know how you do it Helmsdale)

    With current prices all crop options here would gross easily over $500/ac this year, but 2000 acres would be above average acres due to limitations on growing season and pressure and pricing of land. When it comes to net just depends what is included for expenses in the calculation to compare. Bottomline is we are profitable this year, and that's a good thing. I do question the constant comments asking for government bailouts, this is not the year to ask, there will be years the numbers dont look so rosy. Reply With Quote

  • Oct 28, 2020 | 21:42 27
    Quote Originally Posted by Grahamp View Post
    Really? You don’t think a 2000 acre farm grosses $375 an acre? 36 canola and 53 wheat? Half would be 18 canola and 26.5 wheat. Even the ghetto of the ghetto is not that bad. I don’t mean to sound condescending or be a jerk, I am genuinely surprised that is a figure people would disagree with.
    That’s irrelevant, what’s the net ?
    $375 is meaningless if costs are $350 plus
    I know guys pushing $400 Reply With Quote
  • 1 Like


  • Oct 28, 2020 | 21:44 28
    Quote Originally Posted by GDR View Post
    Fully realize there are differences in areas but with the advances that have been made with direct seeding and crop inputs the gap has narrowed in the last 20yrs. I would think more areas would be closer in numbers to me than to Helmsdale's area (and I don't know how you do it Helmsdale)

    With current prices all crop options here would gross easily over $500/ac this year, but 2000 acres would be above average acres due to limitations on growing season and pressure and pricing of land. When it comes to net just depends what is included for expenses in the calculation to compare. Bottomline is we are profitable this year, and that's a good thing. I do question the constant comments asking for government bailouts, this is not the year to ask, there will be years the numbers dont look so rosy.
    Glad you were in an area with no hail , frost , drought or whatever. That’s a good thing . But a lot were not . Just keep that in perspective Reply With Quote
    Oct 28, 2020 | 21:55 29
    Quote Originally Posted by GDR View Post
    Fully realize there are differences in areas but with the advances that have been made with direct seeding and crop inputs the gap has narrowed in the last 20yrs. I would think more areas would be closer in numbers to me than to Helmsdale's area (and I don't know how you do it Helmsdale)

    With current prices all crop options here would gross easily over $500/ac this year, but 2000 acres would be above average acres due to limitations on growing season and pressure and pricing of land. When it comes to net just depends what is included for expenses in the calculation to compare. Bottomline is we are profitable this year, and that's a good thing. I do question the constant comments asking for government bailouts, this is not the year to ask, there will be years the numbers dont look so rosy.
    Speak for yourself. Our area has been bombed with shit weather multiple years. The programs don’t work. Prior to that we had good and rhe area next was not good, each time the cycle hits in a bad way good farmers end up done selling out fcc and rhe likes that are supposed to understand only understand if your too big to fail or too stupid to farm they give you a loan to keep going even buy rhe other careful guys out. The programs fail. Nobody cares because someone else who is rhe fcc favourite keeps on going. Reply With Quote
    Oct 28, 2020 | 21:55 30
    Quote Originally Posted by furrowtickler View Post
    That’s irrelevant, what’s the net ?
    $375 is meaningless if costs are $350 plus
    I know guys pushing $400
    Agreed but I wasn’t talking about farm profitability. I was simply making the point I was surprised the CEBA loan topic has been so contentious with it being such a small amount relative to the gross on the average farm in Saskatchewan. I think there has been more discussion on it than with CCGA advances going from 400k to 1 million. Reply With Quote