USDA Money Is Running Empty

[marketeye]

FSA is running out of money to support operating loans. Are you caught up in this situation? Dan Looker, Agriculture.com veteran and contributing editor, spells out the breaking news here:

FSA Operating Loan Money Runs Dry

What say you?

Mike

[lsc76cat]

Sounds familiar:  lenders get nervous and want access to money my grandchildren haven't earned yet.

If Congress gets involved in guaranteeing loans the problem will get bigger and less manageable.

There is a "cold" side to business that is never easy to deal with but better to face up to it early on.

[marketeye]

Isc76cat,

I just keep thinking that is a bad year to have your funding run out, from a farmer's standpoint. And, I hear that it's the younger farmers that are impacted the most, with this situation.

What do you hear in your area?

Thanks,

Mike

[lsc76cat]

Is there ever a good year to have funding run out? 

Stories are stories and there are always too many floating around.

Simple fact is there are a few fields scattered around the area that haven't been planted yet.

Not many but they are there.  Don't know the reasons why and some may get planted yet.

Interesting one I saw today is the farmland inside the perimeter of the Mankato Airport.

Small fields and not easy to get at.  Inside a fence and irregular shapes.  Was corn last year.

Getting late for our area, even for beans.

Time will tell.

[ncwinn54]

As a farmer, I guess my questions would be: Has this ever before happened in history, by June 1?  Is it due to lesser appropriations in this budget, for this purpose, or does it reflect much higher input costs? Is it limited to certain sectors of commodities or regions of the country, or across the board? 

As a taxpayer, I would find myself wondering what farmers did with those last several years of record prices.