Snorkelson
Footballguy
I was talking with my brother, he has been farming the last few years as his father in law is getting older and “retiring” as much as an old farmer might retire. While he and his wife could simply lease the land to one of their neighbors, they decided to do the work in addition to their regular jobs. The last 2 years they haven’t even broke even despite having good crops. I asked him if the government has helped out- after all, there’s been billions appropriated. He said that he hasn’t seen a dime, that the money is basically a subsidy for crop insurance, which saves some money on insurance but it doesn’t pay for a bad market, and there’s no point in planting and buying insurance to do all the work for no money, and they won’t be planting this year. I’m looking for some info to link, hoping maybe someone here has some information/experience.
He also made a good point about traders influencing the price of a commodity they don’t have in hand which isn’t fair to the farmer, but that’s a whole lot more to get into and I’m not prepared at all for that discussion, but any thoughts on this idea would be of interest to me.
He also made a good point about traders influencing the price of a commodity they don’t have in hand which isn’t fair to the farmer, but that’s a whole lot more to get into and I’m not prepared at all for that discussion, but any thoughts on this idea would be of interest to me.