Ian Cumming, writing in the upcoming edition of Ontario Dairy Farmer magazine, describes in detail the insane debt levels of Canadian dairy farmers, ensuring that Canadian consumers will be on the getting screwed hook forever…and ensuring that Trump’s favourite sore spot – Canada’s protectionist dairy market – will remain in place for just as long.
THE U.S. NORTHEAST Dairy Farm Survey released in July 2025 by CoBank and Farm Credit East (US) had some concerns about the increasing debt per cow in New York and New England. It uses data from the year before and projects it into the present. It took 29 years to go from $2,000 (US) to $3,000 debt per cow, then eight years to go to $4,000 average debt per cow, and then another six years to reach $6,000 debt a cow in 2021. The 2024 survey is at $6,514 debt per cow. Intermediate and long-term debt on these farms averaged $5,526 per cow.
A recently published report in Canada on the Australian dairy industry, based on an average size per farm of over 500 cows and total debt per farm as cited, showed an average $1,522 debt per cow. Australian currency is roughly equal in value to the Canadian dollar. It is a country where cattle housing is not required.
In late August, 2024, in St Liborie, Quebec at the Outdoor Farm Show, three respected bankers standing side by side, lending from Ormstown to St Hyacinthe, were asked by Ontario Farmer what their average debt per cow was, with a cow’s production being 1.5 kilos of quota. They all agreed after a brief internal discussion that their average debt was $55,000 per cow…A 2024 dairy farm management club report, which comes out annually, detailing voluntary herd numbers in eastern Ontario and western Quebec, put their average debt at $33,000 per kilo of quota. Translated to the American level of production, that comes to an average of $52,800/cow debt, no matter the herd size.
The wonders of socialism.
Gee, I wonder if Trump knows that PM bobblehead (or any other PM) is bent over the dairyfarm debt barrel? (eyeroll)
If that’s true than how could anyone even own a couple of dairy cows in Canada let alone a herd. Something is amiss.
Its called credit on demand. And in Canada’s Dairyland it’s been going on for a long, long time. Farm Credit Corp has just announced that it is quite aware of the impending squeeze and has come up with a cure: more of what caused the problem in the first place.
And how do you pay back this credit if you’re in debt 55,200 dollars per cow? And who extends this credit knowing they will never get paid back?
Shhhhhh! Its no time for inconvenient questions. But let’s put it this way, FCC is a crown corporation … so YOU are a shareholder. There, does that make you feel better?
?
is that why they call it ‘Moolah’? lol
https://www.urbandictionary.com/define.php?term=Moolah
jeezuz. is it any wonder we cant take anything serious in this broken shell of a once dignified thriving and rightfully caring but now *post national state*?????
The quicker they go tits up the quicker we get rid of the marketing boards & we can start from scratch. Faster! Full speed ahead & damn the torpedoes! Moar power!
The question is how do you get out of this?
Somebody’s gonna take the loss if the quota system is canceled.
However, as long as it continues the bankers are making money and the consumers are paying high prices to cover the finance charges on that quota.
I seem to recall there was a similar problem with quota for New York taxis at $around 100,000,000 per taxi and I think Uber went a long way to solving that problem
But I don’t see any Uber coming along in the dairy business.
Resources:
https://tinyurl.com/bp9mr3t7
https://en.wikipedia.org/wiki/Taxi_medallion#Historical_prices
https://www.cbsnews.com/news/how-much-is-a-nyc-taxi-medallion-worth-these-days/
Oooops! 100,000,000??
Nope! S/B $1,000,000
Oh la La … oui oui! French speaking cows;
I unclog my nose in your direction, sons of a window-dresser! So, you think you could out-clever us French folk with your silly, knees-bent, running about, advancing behavior! I’ll wave my private parts at your aunties you… cheesy leather, second-hand, electric donkey bottom biters!”
Trump; I will slap you French cows with the worlds biggest Tariffs ever levied!
“No chance, English bed-wetting types! I burst my pimples at you and call your door-opening request a silly ting! You… tiny-brained wipers of other people’s bottoms!”