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Senior Contributor

While we blame the USDA and the weather

What is our responsibility in all this? Government does provide subsidized crop insurance for yield and price protection. The markets offer hedging opportunies to lay off price risk. Perhaps we do not know how to use those tools properly to reduce risk or perhaps we by nature are simply too bullish for our own good.

 

Perhaps we need to blame ourselves for our economic situation. ME? I'm gonna income average my $3 corn with my $7 corn. My $9 beans with my $15 beans. My $800 land with my $9000 land. Over all farming is good inspite of all my mistakes.

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5 Replies
Senior Advisor

Re: While we blame the USDA and the weather

what economic situation?  couple wash cycles of shatty price will free up more land at cheaper prices to reload

 

farming has its ups and downs.  you save up in the good to take advantage of the bad.

 

my problem is there are too many people that dont have a clue about farming or the business of farming (they are two different things) that have there GD hands in the sandbox.  and they are in it for themselves to make a buck off the farmers back.  they could give a rats arse less where their food comes and stab you in the back getting what they want

 

sad reality is, this country wont fix itself till main street goes hungry.  we have become a society of soft, lazy, complacent zombies.  When you start worrying about a roof over your head and where your next meal will come from all of sudden SUV's and Iphones and FB feeds dont matter anymore.

 

o and you wanna see grains double in three years.  Take away subsidized crop insurnace and goverment payments and reports.

 

 

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Honored Advisor

Re: While we blame the USDA and the weather

Got a heads up that one of the aggressive young tiger set of brothers farming in this area are giving up a very high %  of their operations after harvest.

 

The deck chairs on this sinking ship are being rearranged.

 

Lots of this marginal wornout land will need a different use. A cheap crop price next insurance cycle will hopefully slow the farming/raping of the pasture and hay land.

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Senior Contributor

Re: While we blame the USDA and the weather

Last fall and this summer there has been quite a bit marginal ground put into CRP for $250-$300/acre around my area.  Lots of it was old pasture ground.  For that kind of payment, it will never be pasture again unless there is a major CRP policy shift.

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Advisor

Re: While we blame the USDA and the weather

MT--sadly I agree with your post. Full bellys lead to complacency, at least that is what happens to me! Dang it, where is Shaggy as he would have a much better line than I!
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Veteran Contributor

Re: While we blame the USDA and the weather

If marginal land dose go back to idle will the government count it as such or will it still raise 168 bushel corn and 46 bushel beans nest year???? I agree that nest year we will see who really can afford to raise corn with the insurance payments lower and the subsidies will be non existent.

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