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| Not sure I buy all the numbers you are stating, have you been to Ontario. First off in actual Ag business we have a variety of capital intense farm businesses, supply managed dairy, chicken and turkey we also have a significant greenhouse and vegetable industry, potatoes, tobacco and also vineyard-wine. On top of all this you have the outskirts of the tri-city and GTA area as well as the Niagra area that have those urban sprawl issues of folks buying and paying extrodinary prices for farms so they can put some hay burning horses out in the front field and call themselves farmers while they borrow and leverage every dollar they can against their farms while claiming to the CRA they run a valid farming operation, the reality is you can not get a clear picture of the debt issue in Ontario unless you actually segment the debt into its diffrent industries and apply it to the income capacity of said industry. You paint the picture that the average farming operation in Ontario has gone on a borrowing spree and has gone out of control, but if you take away the debt of every farm operation that is 100 acres or smaller that own some horses and a new pickup with a new horse trailer you would probably see a significant change in the debt to earnings ratio!!!!! | |
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In the next downturn
