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Frequent Contributor

Say what? $2 per bu. Subsidy for beans

This has got to be the most unbalanced, stupidest proposal I’ve ever heard of in my lifetime.  So we are going to pay the farmers to grow more of a crop that has poor market potential?  If you as a farmer don’t get on the bean planting list you’re going to miss out.  If you are forced into soybean PP or end up with a poor yield you will lose big time.  If you have an insurance claim then Katy-bar-the-door. You can forget about the fall price being higher than the spring price.  How can they determine now that we need $2 when we don’t what the harvest prices are.  beans after this announcement could drop to $6 then you add $2 back and we’re looking at $8 still.  What stupidity!

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5 Replies
Senior Contributor

Re: Say what? $2 per bu. Subsidy for beans

If USDA is going to do a program it would more fairly be done by basing off your APH. The ones who can't plant or don't get a crop for what ever reason need the help more than the ones in good areas.

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Honored Advisor

Re: Say what? $2 per bu. Subsidy for beans

The whole farm program system has been stupid and unbalanced since the 80`s...probably before, just my history with it goes back to the 80`s.  Let`s start with the APH yields and corn base, the yield history goes to the biggest liar, there were cases in the 80`s where the "ASCS" worker would say "So, just roughly what was your yield last year and what percent did you plant corn?".  Sealing corn was starting to get juicy in those years so for some shameless farmers their 120 bushel yields and 50/50 rotation magically became "80% corn and 180 bushel yields"  wink, wink, nudge, nudge.  

 

Then some of us "saved the soil" with hay & pasture and we were punished with a big goose egg in government money and we fed all our corn so there was no incentive to go in and lie about yields and cornbase.  Then the Bigshots that pushed the peddle to the metal got in trouble borrowing all that money and contributing to the problem....well, they got part of their debt wrote off.   So, I`ve been in the cheap seats over 30 years now watching how these farm programs work.

 

This $2 payment is more of a "attach bayonets!" message to the Chinese that we ain`t a gonna back down "so forget you!".  But like all farm programs, there will be some that make out like bandits and some that get hurt.  Some Bigshots are 100% corn and will get 4 cents, they were rich enough to plant all corn when that`s what the market told them last winter.  Some planted beans for the first time this year and might not have a history, so they`ll maybe get hurt.

 

IMO the payment should be based off the COUNTY YIELD not some damned uncalibrated yield monitor where they`ve allegedly raised "+70 bushel beans" the last 5 years, forget them too, if the county yield is 46 bushel, then everyone in the county should have payments based on that, not the 70,80 90 bushel coffee shop yields that they have everyone believing.  Even Kip Cullers should get his county yield based payment    Smiley Happy

 

It appears that this weather is going to determine that it will be difficult to take too much advantage of this payment.  Because, if you drag a planter through the mud on the 4th of July for a $2 bean payment instead of taking corn prevent plant....well God bless you.   Smiley Happy

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Senior Advisor

Re: Say what? $2 per bu. Subsidy for beans

Be careful about those yields you turn in. They do audit. You better have the scale tickets for proof or let them measure your bins.

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Honored Advisor

Re: Say what? $2 per bu. Subsidy for beans

Hey 3020, I think the statute of limitations has long passed for some of these bogus yields   Smiley Happy   Then there`s some Bigshots that "yield shift" so in the past they would collect crop insurance on every farm, after pulling that crap for many years their APH has taken hits.   Water eventually seeks it`s level.

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Senior Advisor

Re: Say what? $2 per bu. Subsidy for beans

Back during the LDP days there was a guy a couple of counties south of us who dumped 6 inches of beans on top of a 20,000 bushel bin of corn. He spent some time in the pen.

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