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U.S. Appears Headed for a Peanut Surplus
Yahoo - AP ^ | August 9, 2005 | ELLIOTT MINOR

Posted on 08/09/2005 10:24:44 AM PDT by Hi Heels

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To: Gabz; You Dirty Rats
Better yet, Uncle Sam should stop providing a price guarantee for commodities. Let the market work.
That is the best solution.......and on all of them.

That would be foolish.
While it is an imperfect solution, government price support of agricultural commodities are what guarantee us a stable and abundant food supply. Without them, we'd fall back into the natural cycle of "feast or famine" that is inherent in agriculture.

Having a "wasteful" and economicly "inefficient" food surplus is a luxury that we can afford.
It sure beats the hell out of the riots that would accompany food shortages.

41 posted on 08/09/2005 11:05:31 AM PDT by Willie Green (Some people march to a different drummer - and some people polka)
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To: Hi Heels
"We're afraid if we cost the government a lot of money, we'll get less in the next farm bill,"

Like the new Energy Bill of 2005. FedGov controls industry by spending money here and there rather than letting the free market run its course. Big Business is the business of FedGov.

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This is a second struggle for emancipation . . . If America is not to have free enterprise, then she can have freedom of no sort whatever.

1912 campaign-- Woodrow Wilson --

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Interesting that Conservatives agree with much of the Progressive platform

42 posted on 08/09/2005 11:07:32 AM PDT by RightWhale (Withdraw from the 1967 UN Outer Space Treaty and open the Land Office)
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To: Lazamataz
I'lll have the honey-roasted unsalted 94-octane, please.

Should do well in CA, that's fer sure.

43 posted on 08/09/2005 11:08:58 AM PDT by Cobra64
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To: Hi Heels

Well, now that's just nuts!


44 posted on 08/09/2005 11:10:31 AM PDT by OB1kNOb (Liberals believe that they are special and unique individuals. Just like everyone else.)
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To: Willie Green
Having a "wasteful" and economicly "inefficient" food surplus is a luxury that we can afford.

Care to suplement my food budget to cover the over priced products I purchase to pay for theat wasteful and inefficient food surplus?

I didn't think so.

45 posted on 08/09/2005 11:13:22 AM PDT by Gabz (Smoking ban supporters are in favor of the Kelo ruling.)
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To: fish hawk
Then why is peanut oil do damn expensive?

The gov't guarantees the price paid to peanut farmers. This, at a cost above present "market value."

So peanut users, like makers of peanut butter and peanut oil have to pay more for their inputs than they would if the market operated freely.

Hence, you pay tax dollars to support farmers, inflating what they get for the goobers. And then you pay higher prices at the market for the products made with the artificially-inflated peanuts.

SD

46 posted on 08/09/2005 11:22:52 AM PDT by SoothingDave
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To: Hi Heels
government crop program guarantees them $355 per ton
And that's why we have a peanut surplus.
47 posted on 08/09/2005 11:22:58 AM PDT by Rutherford (speckblog.com)
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To: Hi Heels
This year, more farmers opted to grow peanuts because it seemed to have the best economic potential when compared with cotton, corn and soybeans, Spearman said. As a result, peanut acreage increased 25 percent in Georgia and 15 percent nationwide.

In other words, Congress created a subsidy and, surprise surprise, they got a whole lot more of what it was they intended to subsidise. This is basic economics. If the gov't is going to guarantee a price that is attractive, they will get a lot of takers.

If they started a program to buy used beer cans for 50 cents a piece, they'd get flooded with used beer can "farmers" claiming their subsidies.

SD

48 posted on 08/09/2005 11:25:35 AM PDT by SoothingDave
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To: SoothingDave
artificially-inflated peanuts

*snort*

49 posted on 08/09/2005 11:29:12 AM PDT by Hi Heels (Guns kill and cause crime? Dang, mine must be malfunctioning....)
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To: Gabz
Care to suplement my food budget to cover the over priced products I purchase to pay for theat wasteful and inefficient food surplus?

Nope. It's your fair share of the insurance against shortages.
If you can't afford the "over priced" food products that are in surplus because of government subsidies,
then there's no way you'd ever be able to afford them when the prices skyrocket due to shortages in a "free market".
You'd starve.
So be happy that we have such bountiful overproduction.

50 posted on 08/09/2005 11:33:38 AM PDT by Willie Green (Some people march to a different drummer - and some people polka)
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To: Willie Green

Willie, you've made some hilarious posts in your day, and I've thoroughly enjoyed many of them, but this one tops them all. Food riots if we didn't have government price supports?? We're doomed to starvation if we don't have the Federal Government offer price supports? How did we ever survive our days as colonists and then all the way until FDR's Soviet-inspired New Deal without these supports?? LMAO!!!!!


51 posted on 08/09/2005 11:35:10 AM PDT by You Dirty Rats
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To: Willie Green
Nope. It's your fair share of the insurance against shortages.

Private insurance would be better. Keep the government out of it.

52 posted on 08/09/2005 11:38:41 AM PDT by Moonman62 (Federal creed: If it moves tax it. If it keeps moving regulate it. If it stops moving subsidize it)
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To: al_c

Where was the peanut allergy epidemic in the 60's and 70's when I went through public school? Why now? That's the part I don't get...


53 posted on 08/09/2005 11:41:51 AM PDT by vrwinger (Resistant to Peanut Allergies since 1960.)
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To: adorno

I like peanuts, Actually I like all kinds of nuts (except liberals), but everytime I look at the prices for a little bag or can of peanuts, I continue looking for an alternative snack.

***

They must be expensive...most of the airlines have discontinued those little bags of 2 peanuts each. :)


54 posted on 08/09/2005 11:42:17 AM PDT by fatnotlazy
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To: Hi Heels

Let the markets dictate prices. Sheesh, subsidies are keeping nut prices so high it's just, well, NUTS.


55 posted on 08/09/2005 11:43:51 AM PDT by 1Old Pro
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To: RicocheT
Well, were moving toward a debilitating peanut surplus here in the USA, that's for sure...
56 posted on 08/09/2005 11:44:14 AM PDT by vrwinger (Resistant to Peanut Allergies since 1960.)
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To: Hi Heels
The losers could be federal taxpayers who pay the difference between the guaranteed price and the actual market value of the peanuts.

What a surprise.

57 posted on 08/09/2005 11:44:41 AM PDT by 1Old Pro
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To: vrwinger
Where was the peanut allergy epidemic in the 60's and 70's when I went through public school? Why now? That's the part I don't get...

Kids used to play outside and roll around in dirt and, in general, expose themselves to all sorts of things. Now they live in heremetically-sealed homes with HEPA air filters and wash with anti-bacterial soap and allergies are through the roof.

They've proven that a simple thing like having a dog or cat can reduce your child's risk for developing allergies.

SD

58 posted on 08/09/2005 11:44:51 AM PDT by SoothingDave
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To: Hegemony Cricket
It's is positively peanut paranoia!
59 posted on 08/09/2005 11:46:04 AM PDT by vrwinger (Resistant to Peanut Allergies since 1960.)
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To: Willie Green

I don't want to believe you are actually telling me that inefficient spending of taxpayer dollars is a good thing.

The subsidies should never have been started in the first place.........taxpayers supporting one segment of the population at the expense of another is not my idea of good, let alone smaller, government.


60 posted on 08/09/2005 11:46:09 AM PDT by Gabz (Smoking ban supporters are in favor of the Kelo ruling.)
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