Reading theWestern Producer,I noticed that an analyst sees a rosy future for livestock.
Wonderful. After the government let the finance companies force the cattle producers to sell off their cow herds for 30 cents on a dollar, they will probably give you a loonie to buy them back for $1 and 50 cents on a dollar so you can now pay interest on a $1,500 cow instead of being able to keep the $400 cow.
I wonder if this analyst is investing any of his money into the cattle business or if maybe he is putting his money into oil or construction instead.
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The hog people have dug themselves in so deep that it will take 10 years longer to come out of this mess than their life span will allow.
Our agriculture minister is probably going to put a feather in his hat because prices are going up. The smaller cow herd was a lot of his doing. The price of grain because of global shortage will take the profit margin out of the hog business. I wonder if ostriches would pay.
The last time interest (rates) went up, the average loan was about 25 percent of the size they are now. If it goes up again, producers are gone. We better accept the fact. The good business minded farmers now have enough education that they can get a very good job that pays cash.
It will be interesting to see if the government has enough money in Agri-stability to cover the 2010 shortfall. What if they don’t? …
Murray Andres,MacNutt, Sask.
