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Old August 18, 2019, 09:28   #1
RG Coburn
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Subsidies without oversight

Never been a fanboy of Ag subsidies....
These need to be severely restricted. SEVERELY....

https://www.zerohedge.com/news/2019-...s-golf-courses

"About 9,000 "city slickers" living in luxurious neighborhoods of the nation's largest cities received a farm bailout from the Trump administration to minimize the impact of the trade war with China, an updated Environmental Working Group (EWG) analysis of Department of Agriculture data shows."
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Old August 21, 2019, 16:48   #2
yovinny
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My personal favorite is where they pay them NOT to farm their land.

Then they can sit at the dinner coffee counter and cry poverty for 365 instead of 330 days a year,,,,
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Old August 21, 2019, 17:14   #3
TenTea
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I've lived most my life in small, rural, agricultural towns and also managed a grain elevator.
I've known many farmers in the last several decades and few of them were poor.

I did admire John Cougar and the spirit of FarmAid in 80's, though.
I do lament the loss of small farms in this country.
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Old August 21, 2019, 17:19   #4
Invictus77
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Quote:
Originally Posted by yovinny View Post
My personal favorite is where they pay them NOT to farm their land.
A friend of mine got into a .gov deal where they paid you NOT to raise hogs.

The first year he did not raise 20 hogs and made good money.

The second year, he decided he could not raise 50 hogs as easy as not raising 20 hogs. He made a bunch of money.

The third year he decided to not raise 250 hogs and he went broke.

I think he got too big too fast
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Old August 21, 2019, 19:21   #5
easttex
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Quote:
Originally Posted by Invictus77 View Post
A friend of mine got into a .gov deal where they paid you NOT to raise hogs.

The first year he did not raise 20 hogs and made good money.

The second year, he decided he could not raise 50 hogs as easy as not raising 20 hogs. He made a bunch of money.

The third year he decided to not raise 250 hogs and he went broke.

I think he got too big too fast
Nice.
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Old August 21, 2019, 21:14   #6
gunplumber
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No subsidies for anyone. Let the free market decide. If milk is $50 / gal, I won't drink milk. Subsidies are obscene.
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Old August 21, 2019, 21:41   #7
okiefarmer
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Iím sure any comment by me will bring Juanita jumping in to make catty remarks but WTF. I wonít deny, there needs to be yuge changes to qualifying for bailout money. Nonetheless, Iíll bet that each and every one of these ďcountry clubĒ recipients have a vested interest in the cropís loss. There are very likely all landowners who are sharecropping with their tenant, hence have a vested interest in the profit or loss on the land. Many landowners cash rent to their tenants, I do. It removes them from all liability, responsibility, and/or obligations of government meddling, ie., payments or info harvesting.

Iíll wager that most landowners who share crop do it for a tax write off against their other income streams. I assure you these kind of payments are not being sent to landowners in my neck of the woods, most of it more likely in higher land value area and higher profit potential areas of the upper Midwest corn and soybean country.

DT insisted on a country wide subsidy because of his tariff meddling. Prices are already depressed despite the tariffs, they just added fuel to the fire. Localized crop loss issue never rise to importance of calling for a federal bailout. The market only cares about the total supply figure, not who produced how much or how little or who went out of business this year because the bank foreclosed on them. I read the average farmer now carries $1.5 million in debt. Remember also the average age of a farmer is close to 60 years old. Thatís not near as scary a number at 25 or 30, but at 60, and a total crop loss or two between now and retirement, it makes yer butt pucker a bit.

I chose the cash rent route from our tenant. So Juanita canít cry any more about the subsidies I get, my tenants get them. But I also donít have to go over there and stand in line and sign fugging paperwork about how many acres we are planting, what we are planting, when, how much we produced, ad nauseum. Tenant does all dat shit.
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Old August 22, 2019, 09:57   #8
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Quote:
Originally Posted by Invictus77 View Post
A friend of mine got into a .gov deal where they paid you NOT to raise hogs.

The first year he did not raise 20 hogs and made good money.

The second year, he decided he could not raise 50 hogs as easy as not raising 20 hogs. He made a bunch of money.

The third year he decided to not raise 250 hogs and he went broke.

I think he got too big too fast
That kind of sounds like my old boss....

Payed himself 850k in 2017,,,,,and had a meltdown crying the blues for months that he had to come up with and play150k in income taxes......

My response was JESUS !!!! PLEASE..LET ME OWE 150K IN TAXES. JUST ONCE !!!

You know what happened next....
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