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Veteran Advisor

Look Up Your County's MFP2 Payment Rate

We have put together the full report on the USDA's announcement of the MFP2 payment program.

 

Take a look:  USDA Farm Payment Details, $150/Acre Max Payment.

 

Also, within the story you can find your county's payment rate.

 

What say you?

 

Mike

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14 Replies
Advisor

Farmers are pretty gullable

They'll all get bout $15 per acre and not much more. 

USDA is good at spinning their next lie and illusion. 

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Esteemed Advisor

Re: Farmers are pretty gullable

wrightcattle goes wrong off the rail again...

$80/acre is not $15, and 50% paid in August is $40 not $15. Plus $11/head, or $5.50 now, is not a small check. While I dislike all this gov manipulation and ludicrous spending, it is not a small subsidy! And it certainly is not socialism, it is just bad economic policy :-)   Like everyone else, we will take the money, maybe pay off one of the farms with it. But, Pretty sure cash rents just went up for next year.

Veteran Advisor

Re: Look Up Your County's MFP2 Payment Rate

Hey, do you want to grow ginseng? Look how much their MFP2 payment will be.

 

A portion of the aid money will go to specialty crop growers, also on the basis of acreage, and part will go to dairy and hog farmers. Ginseng producers would get $5,700 an acre, fresh sweet cherries $1,555 and nuts $146. Dairy farmers would receive 20 cents per 100 pounds of milk based on past production and hog farmers, $11 per hog based on inventories from April 1-May 15. 

 

Gingseng?

 

Mike

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Advisor

Re: Just wait for the screaming and yelling to start.

My question is this, if my soybeans sell for the same money as those from Indiana, why do I get so much less per acre.

And, do the big dairy farms who plant 2000 acres for corn silage get the same payment per acre as a soybean farmer who took most of the hit?

You can see where this is all going.  

If the administration thinks this is going to buy votes, the obvious  inequities might do just the opposite.

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Advisor

Re:How long does it take to grow a crop of gingseng, 10-15 years?

The Canadians grow a fair amount of gingseng under glass in Ont.  The last I heard they over expanded and the price crashed so be careful.  Besides, it takes years to get the first crop.

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Advisor

Re: I'm pretty sure that ....

I'm pretty sure that however much I get, it won't come close to compensating me for the lost of the soybean market for the next twenty years.

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Senior Contributor

Re: I'm pretty sure that ....

Then your best bet is quit farming and get a day job👍

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Highlighted
Honored Advisor

Re: Look Up Your County's MFP2 Payment Rate

This news made me a happy man!!  About $70/acre here and $11 a hog!!   Smiley Happy  Smiley Happy  Smiley Happy    That is much appreciated, Thank you President Trump!

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Advisor

Re: Look Up Your County's MFP2 Payment Rate

@BA Deere   This might be of interest to you.  I am hearing $7+ corn post-harvest.  If so, it's gonna be Mr. Toad's Wild Ride.  [I saw a lot of 8-inch-high corn today.]

https://www.armstrongeconomics.com/world-news/climate/the-next-solar-cycle-begins-2020-may-be-a-pani...

Additionally, ever hear of Valentina Zharkova?  She is a Ukrainian astrophysicist with a PhD who created a peer-recognized mathematical model based on the phases of the Sun's 4 poles.  She has warned that all 4 poles are going out of phase and unless countries start working together, mass famine can be shortly expected.  NASA has already stated that this next solar cycle will have the lowest sunspots in 200+ years.

Bottom line, it will be extreme weather volatility that creates the shortages. 

The Maunder Minimum is good boilerplate for what to expect over the next several years.

https://www.sciencedirect.com/topics/earth-and-planetary-sciences/maunder-minimum

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