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Senior Contributor

Trouble down on the farm

Apparently your dear leader has not paid enough socialist payments to farmers to offset his trade war yet.

https://www.reuters.com/article/us-usa-farms-bankruptcy/u-s-farm-bankruptcies-hit-an-eight-year-high...

U.S. farm bankruptcy rates jumped 20% in 2019 - to an eight-year high - as financial woes in the U.S. agricultural economy continued in spite of massive federal bail-out funding, according to federal court data.

6 Replies
Veteran Advisor

Re: Trouble down on the farm

Don't know what % are Ch. 12's but that's often just a strategic move to shed some debt and keep rollin'.

Senior Contributor

Re: Trouble down on the farm

(Apparently your dear leader has not paid enough socialist payments to farmers to offset his trade war yet.          U.S. farm bankruptcy rates jumped 20% in 2019 - to an eight-year high - as financial woes in the U.S. agricultural economy continued in spite of massive federal bail-out funding, according to federal court data.)

And now we have to quit drinking cow's milk, that ain't gonna help.

Honored Advisor

Re: Trouble down on the farm

The obvious question is, what is the bankruptcy rate of Canadian farmers?  Ane what is the blackface dear leader up there doing about it?

The farm bankruptcy rate is low to begin with, so if there`s 10 bankruptcies normally and it rises 20% it becomes 12 bankruptcies  Smiley Indifferent   

Dairy farmers have been hit hardest, the rise in their bankruptcies have nothing to do with "dear leaders" and lack of Chinese butt kissing.   Those 10,000 cow dairies replacing the 80 cow mom & pop farms keep going though there isn`t many of those leaves left on the tree.

When we were getting $13 for our beans so were the Brazilian farmers and they never shut the bulldozers off, clearing rainforest....well duh, over-production and $8 beans.   

Thing is with $13 beans, farmers thought it would never end and bought paint and $15,000/acre land (my hand is raised) to avoid taxes, now we make the payments with AFTER TAX DOLLARS and $8 beans.  Well, Econ 101 "supply & demand".    Hog prices go up or anticipation of higher hog prices and "bam bam bam   bam bam bam" up goes those $1 million barns, ensuring that prices never do go up even for a couple months.

Senior Advisor

Re: Trouble down on the farm

Socialism never works. The more socialism we have the fewer farmers there will be.

Honored Advisor

Re: Trouble down on the farm

socialism/communism is "taking away your right to fail" and with that goes away your right to succeed.   The trouble is the sometime negative results from capitalism is right out there in the open, above the fold in the headlines.  The "hog house janitor" doing chores in a contract barn for the manure and a small compensation that just covers the barn payment.  He might not be in the bankruptcy rolls, but his level of success is also capped.

But these guys like Stamp Farms that went broke 40,000 acres...am I supposed to feel sorry for some of these clowns?

https://www.agweb.com/article/mich-farmer-mike-stamp-pleads-guilty-faces-up-to-5-years-in-prison

Veteran Advisor

Re: Trouble down on the farm

I have been working on this

problem for the past few months,

no...there are more than 5 cases.

What those of us working on

this issue we are faced with, is

those on the state level, which

Could help things....and the same

on the national...they are 

Republicians...and they do not

want to accept problems or

failure on agriculture issues.

Sorry...but thats the truth...I've

been told that by the very

people that told me there

is no problem.