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bruce MN
Advisor

Like Ed said..never sell the farm

6 Replies
Edmund55
Senior Contributor

Re: Like Ed said..never sell the farm

(Like Ed said..never sell the farm)

I don't know what that means?  It does appear that your link shows all govt. payments received or paid, not just farm rescue handouts as the heading states, and as they state in their article.

According to your link, total govt. paym.:

2016 = $13.5 B         2017 = $11.5 B;      2018 = $13.7 B;      2019 Forecast = $19.5 B

Now it would be a nice gesture if all farmers could contribute a % of their bailout monies to Spartacus' campaign as he is running out of money.

 

 

BA Deere
Honored Advisor

Re: Like Ed said..never sell the farm

Farmland (they ain`t makin` anymore of it) and has been "berry berry gooood" to many of us.   However has the bloom come off the rose?   Thanks to former governor Terry Branstad those of us in Iowa have had caps on what counties can tax land at.   So Iowa has $30/acre tax, Minnesota $60/acre and Nebraska $100/acre tax.  

This can all get much worse if the 2020 election goes the way some are predicting and many are hoping.  The demographic changes coming and little sympathy for the "2 honkies with a pitchfork in the Norman Rockwell painting" ...I think farmland tax will be seen as a "formerly under utilized source of revenue" a nice way of saying "Start soaking those Trump voting farmers for their past sins!".  

Especially Paul Krugman editorials where his anger reveals his big plans for Moose & Squirrel.   To have any assets that can`t be stuffed in a carry-on bag may very well be in danger of permanent loss due to taxes after 2 or 3 election cycles.  So, "Trump money"  PLC ARC CRP or whatever checks should be enjoyed, because they may be TAKEN back one day....with interest!

cmilligan1958g
Senior Contributor

Re: Like Ed said..never sell the farm


@BA Deere wrote:

Farmland (they ain`t makin` anymore of it) and has been "berry berry gooood" to many of us.   However has the bloom come off the rose?   Thanks to former governor Terry Branstad those of us in Iowa have had caps on what counties can tax land at.   So Iowa has $30/acre tax, Minnesota $60/acre and Nebraska $100/acre tax.  

This can all get much worse if the 2020 election goes the way some are predicting and many are hoping.  The demographic changes coming and little sympathy for the "2 honkies with a pitchfork in the Norman Rockwell painting" ...I think farmland tax will be seen as a "formerly under utilized source of revenue" a nice way of saying "Start soaking those Trump voting farmers for their past sins!".  

Especially Paul Krugman editorials where his anger reveals his big plans for Moose & Squirrel.   To have any assets that can`t be stuffed in a carry-on bag may very well be in danger of permanent loss due to taxes after 2 or 3 election cycles.  So, "Trump money"  PLC ARC CRP or whatever checks should be enjoyed, because they may be TAKEN back one day....with interest!


That is why we have the Second Amendment to the Constitution to prevent that from happening. 

BA Deere
Honored Advisor

Re: Like Ed said..never sell the farm

Hey Craig, that`s true.  But I wonder how Nebraska let it get so out of whack?   The idiots in the county think they need a new school and it all goes on property taxes.  People move in an rent a house, have a "Vote YES for new school!!!" sign on their lawn and move to a different town if their rent goes up. 

Kurt#1
Senior Contributor

Re: Like Ed said..never sell the farm

Lot's of times I see the term socialism used in place of expense.  The government is using farmers as part of a war. A trade war just as Jimmy Carter used farmers.  When the farmers are used as part of a war they should expect to be paid.

The farmers didn't mismanage anything as GM and Chrysler, they were producing a product that provided wealth for America. 

There are 129 million people employed full time, 22 million are employed in an agriculture related field.  That's a little over 17%.

When farmers don't make money the economy suffers and additionally our balance of trade suffers.  Unlike auto manufactures there is no other sufficient source of food out side of the USA.  Europe learned after WWII that you need home grown agriculture and not to be dependent on external sources. 

 

BA Deere
Honored Advisor

Re: Like Ed said..never sell the farm

You are correct Kurt.  The thing is to have an abundant and inexpensive food supply, the nation`s farmers have to go all out every year producing.  If done right most years are below the cost of production in that cheap food policy environment.

The way I see it farmers are similar in a lot of ways to firemen, policemen and teachers, only we are private enterprises .  Private enterprises that the better we do our job, the less we are paid.   But take a fireman, out of most people`s taxes the fire department`s expense is far greater than any personal good that we get out of them. Don`t get me wrong, my tax money going to the firemen that might pull my grandkids out of a burning home one day is the best money that my taxes that could be used. 

And the same for police and military spending.  The way I see the occasional farm subsidies is a "insurance" payment on affordable nutrition for the nation. If farmers went broke, food might take 30%-50% of people`s wages.  The farm subsidy is a thin sliver out of the US budget, but the entire nation benefits  even if they are in the 50% that doesn`t owe federal income taxes. 

Farm subsidies aren`t "socialism" they are an expense, an expense that pays many decades in dividends for the whole country.