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bruce MN
Advisor

Bloomberg

http://www.bloomberg.com/news/2013-05-22/stop-lavishing-money-on-the-rich-farmers-who-don-t-need-i.h...

 

SNIP (from the comments)...wonder if this person works for a bank, FSA, FCS or one of the agribusiness outfits that has gotten into full operation financing? I've got my money on FSA.

 

tdehoff 2 hours ago
The farm supports are a text book case of why we can't cut spending.  Farmer's enjoying record profits yet we continue to shovel out billions to them in direct payments, crop insurance subsidy, low interest rate loans, out right grants for grain storage  structures, and yet most farmers rarely pay income taxes since they can report their income under  cash basis accounting and therefore can make their income look negative when its the exact opposite.   I've spent 30 years helping finance farmers so I know.