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Senior Contributor

Re: Got your land rented out for next year?

I have read that there is a shortage of truckers and truck drivers across the country, and that's proof of it. 

 

Well-known lady of the evening Xaviera Hollander was famous for saying she made more writing about it than doing it. 

 

I guess now in farm country it can be said that you make more trucking it than growing it.

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Senior Contributor

Re: Got your land rented out for next year?

How do agricultural subsidies from government agencies fit into the budget ?

 

Is there some type of mechanism that ties the amount of farm subsidies to changes in the average price received annually for the product grown on the farm so that if prices are depressed the amount of the subsidy increases ? Sort of like how the Social Security Administration raises and lowers Social Security payouts based on the changes in the prior year's change in the Consumer Price Index ?

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Honored Advisor

Re: Got your land rented out for next year?

I see they allowed $7/acre in the budget for ARC subsidy, my county will be nothing this year.  

If prices get lower a LDP payment might be triggered, let`s hope not, that`d be $1.80 corn.  

 

This must be eye opening information Ray?   You must think we`re all nuckingfuts for continuing and we are, but taxes would eat us alive the next year if we just quit.  Some are 3,4 years from retirement and to go into the job market might be tough for a 64yr old.  

 

I own some land so I can and have donated to my opperation what I could otherwise get for renting it out to another poor sap.  I could probably go another 15-20 yrs and be alright with $3.30 corn, but it doesn`t look like that will happen with the 2018.....or `19 crop and when I say "$3.30" that`s cash and it would take $3.80 futures.   But moneywise, I`d be far better off renting it all out for $200/acre and watch The View and the Ellen Show and vote Democrat   Smiley Happy

Frequent Contributor

Re: Got your land rented out for next year?

But how do you pay for $10,000 per acre land or rent it on a $250 profit margin?

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Senior Contributor

Re: Got your land rented out for next year?

Yes, it is eye-opening and no, I don't think you're all nuckingfuts. I think its incredible that farmers feed the world and the guys who can help you make ends meet and stuff their faces with the food you provide for them cannot provide you with more than three cents a bushel support when agricultural prices fall within half a dollar of your costs of production. Heck, they spend four trillion dollars a year on the US Federal budget on all kinds of useless line items, you would think they would spend a lot more on making sure their farmers are being paid well so the rest of the country doesn't starve !

 

How does the Federal Farm Credit Bank system get involved in financing your work ? They raise money at below-market interest rates because of their government guarantee on the repayment of principal and interest. Do they offer low interest rate loans to buy land, or are they only involved in the financing of input items you need to plant your crops ?

 

Someone in either government or out of it ought to come up with some way to buy up a lot of land and rent it out to farmers at low rental rates, re-couping only their principal expended over a very long period. Similar to the coops that help you place your crops, what's needed is an agency that will buy up large tracts of farmland, and lease it at rental rates that assume it will be fifty years or longer of rental payments to get the agency's capital outlay back. 

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Honored Advisor

Re: Got your land rented out for next year?

Nope, terrible idea.

 

Socialism, picking winners and losers by a gov't employee, effectively confiscating private property, bad plan. 

Senior Contributor

Re: Got your land rented out for next year?

Social Security does it by adjusting monthly payments annually by the prior year's change in the Consumer Price Index. Subsidies for price changes that farmers cannot control should work the same way. The government is not picking winners and losers, its defending a vital national interest, the agriculture industry that feeds you and your family. Since it would apply to most all crops, its not favoring one sector over another. And it can adjust the subsidy down as well as up. This is not welfare, its insurance.

 

Confiscating private property ? Huh ? Put down that crack pipe.

 

And the idea to buy up land and make it available cheaply for farmers to use and make money on is not a bad idea either. The land is purchased by the agency running the program, not taken in eminent domain. Its a program that also supports the vital national interest of making sure farmers can survive financially, and the government gets repaid the capital through rental income, so its not a handout. But it would allow farmers to put all their energies into their work instead of worrying about whether the market will gift them good enough prices when its time to sell their products for them to make a profit.

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Contributor

Re: Got your land rented out for next year?

rob peater to pail paul

 

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Senior Contributor

Re: Got your land rented out for next year?

Just looking at the chemicals (he said pesticides), I think he figured wrong.  That $36 and $66 is backwards for corn and beans.  These experts should proofread before releasing it as facts.

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Senior Contributor

Re: Got your land rented out for next year?

Please explain how Peter is being robbed. The government buys land, that's not robbery. Say they pay 10,000 to buy an acre. They want the 10,000 repaid in one hundred years, so they lease the acre out at $100 per year. Now the farmer working that land has rented it for nearly nothing, and the savings allows him to devote most of his efforts to growing food. Because it allows farmers to survive financially, enough farmers can stay in business so as to maximize food output, which then assures an adequate supply of food to keep agricultural prices stable. 

 

Its a ***** brilliant plan if I must say so myself. I hope some young person with an eye towards politics reads this and uses these ideas to campaign for a House or Senate seat. 

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