[Sharkfish]

It's unclear if the House Ways and Means Committee is going along with this "procedural" change in farmers' accounting methods. Either way, it's just another example of how Washington elites don't live in the real world. All of these added costs and lack of available funds will ripple through the economy, effecting farm workers and end consumers the most.

[RatRipper]

From what I have seen, the Obama administration is bending over backwards to kill the family farm once and for all. The evil continues.

[Buckeye McFrog]

This is the 9th. or 10th. story in the past week which seems to indicate they’re working on a Stalin-style engineered famine.

[E. Pluribus Unum]

The big-government/big-corporate crony-fascist complex wants a monopoly. They want no small businesses of any kind competing with them. They don't care if the pie gets smaller. They just want the whole pie.

[BitWielder1]

The Administration want America to starve just like Africa.

[Hyman Roth]

CPA here......this is to kill off small family farmers. All of your big conglomerate "farmers" Con Agra etc already use accrual accounting (GAAP) because they are required to.

Say bye bye to the family farm.

[Farmer Dean]

I’m on my way to pay the property taxes for the farm this morming.They’re up about 40% in the last 2 years.I’m considering taking a pass this year and not grow anything.
(Other than the hay for my horses)

[Vigilanteman]

This is another front in the Democrat war on the middle class.

Like stable married couples, family farms are an key component of the middle class.

It would be nice if we had a few GOP candidates willing to milk this real theme with as much gusto as the RAT party milks the phony "war on women."

Yes, there is a real "war on women", but it is the jackass party which is waging it.

[Portcall24]

Oh, come on, let’s just seat down to a nice steak dinner and talk about it. Wow. That’s a lot for a steak. Those farmers must be making a fortune.

[dennisw]

Every farmer is a producer. Washington DC parasites produce nothing useful these days but they do need to eat. So they steal billions in taxes each year. Farmers are their latest target

[familyop]

"...would reduce agriculture’s access to capital by as much as $12.1 billion over the next four years...Additionally, borrowing capacity of these operations would decrease by another $7.26 billion over the same time period."

Looks like more of a concern of big, global operations. Farmers who borrow to get that superphlasmatic, new tractor or car tend to risk the whole farm and future.

[1010RD]

If their numbers hold true, this will continue to kill the velocity of money.