Our great nation is under water. Our grain producers are in trouble because they cannot seed. No. They have bins full of grain from last year. It will take them a whole year to sell it.
The prices will go up enough to compensate their money. Some of them might have to take a mortgage against their $300,000 cabin at the lake so they don’t have to use their million-dollar yard for security.
AgriInvest will match a lot of money for them. They just have to deposit it and then turn around and pick twice as much up and do not have to pay it back.
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Plus, Gerry Ritz will probably find them $100 per acre just so they have less stress.
On 20,000 acres, that could be $500,000 and they didn’t have the cost of seeding. Now I will get to the rest of the story.
Farm Credit Canada and the banks were raking in billion dollar profits on every dollar they could charge. Now they might not be able to survive if the farmers’ loans get in arrears.
No matter how bad it gets, they still have the interest meter running. Gerry has to keep their windows clean so he will do whatever it takes.
When the livestock producers were in trouble, he gave them advances so they could double their payments next year. AgriInvest allotted them an average of about $400. … . Try paying your overdue bills with $400.
How can he give the grain farmers 50 times as much and get away without an audit? The livestock producers should conduct an audit just before the next election.
If you think the grain farmers had a problem seeding and harvesting because of rain, wait until they can’t seed or harvest because they can’t get operating money.
Then maybe they will understand what the livestock producers have had to live with for many years.
Murray Andres,MacNutt, Sask.
