On the news they said Indiana has lost 35% of its corn this year to the drought
But they will get a nice government backed insurance check when it doesn't make.
Will they get two checks, or just one? Is it too late for me to put in my bean crop on my 1/4 acre?I've got a cousin that works at a co-op. He said a lot of the farmers are cutting the corn now for silage and replanting in beans knowing full well that they won't make. But they will get a nice government backed insurance check when it doesn't make.
So what. No difference than all the Tax Exemptions Manufacturers are given...You can find out how much subsidy money they're getting here.
You really have no clue how much is made from Corn do you...Cant wait for gas prices to go up because of that damn ethanol, not too mention food (i was buying NY strip for 6 bucks a lb. last year at this time, it's now close to 10 bucks.) and everything else
Really?!I've got a cousin that works at a co-op. He said a lot of the farmers are cutting the corn now for silage and replanting in beans knowing full well that they won't make. But they will get a nice government backed insurance check when it doesn't make.
$427,000 in the period from 95-2011, less than $27,000/yrYou can find out how much subsidy money they're getting here.
Indiana Farm Subsidy Search || EWG Farm Subsidy Database
So what. No difference than all the Tax Exemptions Manufacturers are given...
And if we have a horrible year (like this year may be) and 50% of the farmers go under and can't afford to plant crops next spring because they lost it all this year that would be a good outcome?I'd like to see the subsidies go away and let the free market decide what grain prices should be.
$427,000 in the period from 95-2011, less than $27,000/yr
I'd like to see the subsidies go away and let the free market decide what grain prices should be.
And if we have a horrible year (like this year may be) and 50% of the farmers go under and can't afford to plant crops next spring because they lost it all this year that would be a good outcome?
I understand people's frustrations with subsidies to farmers. The programs aren't managed very well and they are so complicated and convoluted that it doesn't make any sense to most people. Often times the subsidies aren't going where they are needed and somebody is getting more than they need. I understand it, and I hate it just as much as most other people (even though it benefits my dad) but there is definitely a need for some type of subsidy just to "insure" a stable agricultural economy IMHO.
Get rid of them? No
Logically "revamp them"? Yes
Cut/trim them back? Sure, I think all "entitlement programs" should be cut to some degree, some more than others. I would be lying if I said otherwise just because this particular topic is in referrence to farm subsidies.
I would be in favor of Paying no Property Tax instead of the Subsidies, It would actually put more money in my pocket...The difference between a tax break and a subsidy is that you pay less taxes for a tax break. With a subsidy, the government is actually giving money away. If farmers were charged zero taxes, I wouldn't complain.
I'd like to see the subsidies go away and let the free market decide what grain prices should be.
Two words...And if we have a horrible year (like this year may be) and 50% of the farmers go under and can't afford to plant crops next spring because they lost it all this year that would be a good outcome?
I understand people's frustrations with subsidies to farmers. The programs aren't managed very well and they are so complicated and convoluted that it doesn't make any sense to most people. Often times the subsidies aren't going where they are needed and somebody is getting more than they need. I understand it, and I hate it just as much as most other people (even though it benefits my dad) but there is definitely a need for some type of subsidy just to "insure" a stable agricultural economy IMHO.
Get rid of them? No
Logically "revamp them"? Yes
Cut/trim them back? Sure, I think all "entitlement programs" should be cut to some degree, some more than others. I would be lying if I said otherwise just because this particular topic is in referrence to farm subsidies.
You would think that. But, I doubt if in reality it would work like that, without some very serious modifications to the entire economy...I admit to being ignorant of farming in general, but isn't the above scenario what crop insurance is for?
Farming is a business. It is profitable when done well. When you have subsidies that allow inefficient or bad farmers to keep doing it, you hurt the good ones. Like any business, the good companies will take over market share when the bad ones fail.
$27,000 is actually less than Our Property Taxes...that is over half of the average income for Americans. That is huge actually
Very little of the Corn grown in the World, especially the US is used for Food Production anyway.I agree 100%. Then possibly, we would find that sugar was as cheap as High Fructose Corn Crap and that Corn Based Ethanol is moronically stupid.
We rarely grow corn today. We grow engineered starch.
The Subsidies in Farming are not in place to bail out the Farmer year to year, they are there to keep the prices at a level that is desired to keep production costs down of other materials...If there's a bad year for crops, market prices will go up and the farmers get a higher price per bushel for fewer bushels. Farmers have a pretty unique business model in that weather plays a huge part and they have no control over it. But what about other industries negatively affected by weather? Should they get subsidies this year? Fireworks sales were down due to weather but I don't think we should be bailing out that industry either.
Very little of the Corn grown in the World, especially the US is used for Food Production anyway.
That's not true. Besides the corn that is processed for human consumption, a large percetage is used to feed livestock which we eat and milk.Very little of the Corn grown in the World, especially the US is used for Food Production anyway.