And now for a little good news!

[Packard27]

Iowa farmland values have reached all time new highs.* While both the stock and bond markets are both on track for double digit YoY losses; (Iowa) farm values, farm rents, and agricultural commodity prices are all experiencing fairly impressive gains..even when taking high inflation into consideration. 

If there is a dark cloud in all of this, it is the higher prices are likely just a reflection of the devaluation or debasement now occurring in our fiat currency dollars. That is, on paper you look richer, but your actual purchasing power is either going down or holding steady. Nevertheless, better to be a land holding farmer tonight (in Iowa at least), than to be betting your retirements in either the equities or bond markets. Worst of all, of course will be the Social Security recipients and government pensioners. 

Okay, so God bless Joe Biden, a spendthrift Democratic Party, our big government deep state’s spending...errr....I mean, investing, earth saving ethanol programs,  government sponsored crop insurance & subsidies. Someone was bound to make a bit of serious coin on all of the spending that was going in in Washington, DC these past twenty two years or so. Why not the American farmer? Hurray!

Here’s to not selling the farm! Not now. Not ever.

ANF

[* https://www.extension.iastate.edu/news/iowa-farmland-values-hit-all-time-high-despite-concerns-about...]

[BA Deere]

😀   There used to be a poster on here with the handle "Democrat4Life" who exposed liberal absurdity by exemplifying it.  He would applaud Dem policies that put money in pockets short term, which were unsustainable long term.  The Libs on here didn`t know what to do with him, the conservatives knew what he was up to.   😀

[sdholloway56]

Lol.

I won’t even begin. Anybody who isn’t gobsmacked by your rank hypocrisy is also deliberately clueless.

[rickgthf]

Maybe they can get DeSantis to make going cold turkey on farm subsidies one of his major campaign promises.

  In fact, the Iowa primary would be the perfect place for DeSantis to unveil that issue.  He can test it out on all those Iowa farmers in a small primary setting. I'm looking forward to it.

[sdholloway56]

Ethanol has no logical future beyond a time horizon of a decade or two except for politics. And logically should begin shrinking steadily very soon.

It was a thud of epic proportions when I floated some ideas on what in the way of environmental concessions might be offered in order to keep (the otherwise indefensible) volume of ethanol mandated.

Ag is exceedingly arrogant, as it deserves to be, given one huge political win after the other. They think they can have it their way without giving anything.

Maybe. Maybe not.

[sdholloway56]

Being in the bag 110% for a single, dying political party is not a great idea.

Although Ag is in with the oligarchs and climate destructors who want to seize permanent power before the otherwise inevitable comes to pass.

[BA Deere]

What`s ironic is that the Farmer hating Democrats have a domestic destroying energy policy and that could not be a better ethanol supporting program as a consequence.   And same goes for the massive inflationary Democrat spending that helps commodities and land prices by proxy.  They push in on one side of the balloon and it pops out on the opposite side, and farmers just so happen to be in the cat bird seat for a change.  However they also hold the "tax card" in the future.

[sdholloway56]

Ethanol is barely, if at all, a net energy gainer. And net of everything it is also environmentally neutral at best also.

With the exception of a very narrow emissions technicality it has never been anything but a political pork Rube Goldberg machine.

Although you entered this game via doing your “stand up for Ag” shtick where you jib jabber all the pro Ag prop you can cobble together. 

So go ahead.

[sdholloway56]

BTW, I’ve been consistent in maintaining that even though the case for ethanol is not strong, it would be counterproductive to pull the rug out once Big Government has already diverted vast resources and created huge market distortions.

I just think some concessions should be extracted.

Big Ag don’t  need no steenkin’ concessions and just wants moar, moar, moar.

[BA Deere]

Here`s my thoughts on Ethanol, it has to stand on it`s own and after "Big oil" doing it`s damnedest to undermine it it`s doing alright grinding $7 corn in a $3 gas market.  Big oil hasn`t built a refinery in 50 years and why would they now, their life expectancy is one year at a time.  Even if Republicans get in, they are only safe until the next election.  The advantage Ethanol has is each plant is a small refinery, essentially and I think Big oil sees ethanol as having a common enemy and are moving towards cooperation.