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MF Global fallout delays U.S. farm seed, land deals
CNBC.com ^ | 12/6/11

Posted on 12/08/2011 9:42:12 AM PST by socialism_stinX

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To: socialism_stinX

No, that is not correct - the reason that there is a threat (and it is a very real one) is BECAUSE of government and the very type of action you are proposing.

You’re just not getting it - WE CAN’T AFFORD IT!

We have done so many seemingly worthwhile, our-hearts-are-in-the-right-place, makes sense at the time, need to head off further damage, etc., kind of stuff, THAT WE* ARE LIVING OFF OF OUR CHILDREN AND GRANDCHILDREN.

They are going to have to suffer and pay for us to avoid the pain that we are causing.

And, in the end, food prices are going to go up anyway, because of the situation that we* have created.

* “We” in the very general sense.

And, I don’t usually YELL, but this sure calls for it.


21 posted on 12/08/2011 11:41:38 AM PST by SuzyQue
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To: KarlInOhio

Thousands.

And dozens of elevators, feedlots, co-ops, etc... guys who simply cannot operate without the ability to hedge or forward contract.


22 posted on 12/08/2011 11:42:28 AM PST by NVDave
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To: SuzyQue

Your opinions sound generally correct, but they are misdirected in this case. I’m only advocating a two-year loan guarantee program that would cost essentially nothing to administer because such a high percentage of farmers will repay their loans. These are business people who’ve been swindled out of big bucks through no fault of their own, and are having trouble operating their farms now. What I’m advocating is very similar to government loan guarantees for businesses hit hard by natural disasters such as floods and earthquakes.

If you want to save your grandchildren, we have to start cutting the massive entitlement programs that are bankrupting our country and will eventually lead to devaluation of the dollar and higher inflation. That’s where all the spending is, in the huge middle class entitlement programs (medicare, medicaid, social security, etc) that democrats adamantly refuse to scale back. That’s where you need to yell if you want to yell. Some help for farmers who’ve been swindled costs essentially nothing and could have major benefits to America. That said, the legislation does have to be written correctly so that any loan guarantees end after two years.


23 posted on 12/08/2011 12:04:11 PM PST by socialism_stinX (We need a decline of statism and a revival of individualism and personal responsibility in America.)
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To: Buckeye McFrog
The Obama Famine has begun.

I knew he was going to kill millions of people, I just didn't know how.

24 posted on 12/08/2011 12:14:13 PM PST by PA-RIVER
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To: socialism_stinX
Another possibility is to put Jon Corzine on a rack, and give control to farmers who lost their money. After he's stretched a foot he'll remember where the money went... or give up his own billions to cover the losses. Jon must have a billion or two.
25 posted on 12/08/2011 12:21:19 PM PST by PA-RIVER
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To: socialism_stinX

That sounds like the same rationale that GWB used to pass the TARP. And, will result in similar results. Isn’t that the definition of insanity?

I like farmers; I like food. They and their business losses are no more equal than me and my business losses.


26 posted on 12/08/2011 12:34:57 PM PST by SuzyQue
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To: socialism_stinX
With $200,000 of his money yet to be returned from the accounts of MF Global, his former broker, the 49-year-old farmer has missed a $5,000 discount for early buyers, and is watching friends and neighbors snap up the best varieties of seeds.

Sorry, not buying it. For that to be true, it means that every year someone gets stuck with less desireable varieties of seed.

27 posted on 12/08/2011 1:14:36 PM PST by jdub (A patriot must always be ready to defend his country against his government.)
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