PING!
Ah, yes. My Country ‘tis of Thee
Sweet land of Subsidy...
bump
No no no. We need to protect our farmers industries, bureaucrats and jobs from foreign competition...
Yes, and sometimes it’s possible for them to work too good too.
What happens if there is no government oversight and one year everyone decides that corn is the best crop based on last year’s price?
This year most farmers spend their money on a corn crop. They put a lot of money into it, and when harvest time comes around, this is when everyone finds out.
This year the sales price of corn drops to 25% of what it was the previous year, because of an over abundance.
Overnight 40% of the farmers in the U. S. can’t get a decent price for their crop and they are bankrupt.
The next year, there are not corn crops. The price of corn skyrockets and supplies are not sufficient.
The next year, it starts all over, folks hoping to make a great profit off of corn since there’s a big need, based on the previous year.
If you have a solution to this, I’d be glad to hear it.
I admit I fudged the figure to make my point, but this argument isn’t without merit.
People are paid not to grow certain crops to avoid this.
Bookmark
Yes but agricultural subsidies is a good hedge.
The problem isn’t the ideas. The problem is the implementation by greedy politicians and bureaucrats.
Farmers are the biggest freeloaders in this country. Just look at the bills and you will puke of disgust.
I recall my Uncle Ed, an Oklahoma wheat farmer, "They say if they take away subsidies and allotments, we'll have $2 wheat. OK! All right! Let us plant fence line to fence line and I'll take $2 wheat!" The recollection is circa mid-fifties and, as I recall, the support price was around $2.80.
I have been to NZ a few times to visit grandchild and his parents - food is quite expensive, but of high quality. They are proud of the high quality and rightly so. However, I don’t know how anyone affords to live there with the extremely high housing prices/food/energy/gas, etc. Lovely people, Lovely land, though.
bkmk
...The essence of the fear that keeps people under the thumb of socialists. This Hausman guy not only likes, but needs his cage.
I haven't looked at this NZ situation closely, but I bet the only reason the programs were cut was to save other programs, or gov employee salaries, benefits, and pensions. So I doubt NZ will be discarding its other socialist inclinations anytime soon.
about time...
my father used to tell of the time that the government dumped tons of good potatoes into the Tasman Sea ...
Who knew ?
Average poster here has no idea how much tax cash is paid to farmers not to grow or cultivate land
It’s amazing
I’m ambivalent
Average poster here has no idea how much tax cash is paid to farmers not to grow or cultivate land
It’s amazing
I’m ambivalent
BTTT
Sorry, but I gotta tell you, federally subsidized crop insurance is not a program I would ever contemplate getting rid of.
There are a lot of things I would be willing to change with respect to agricultural policy, but that one ain’t one of them. The fact that a Farmer can safely invest in his crops for the following year with some insurance that if they fail due to weather that he isn’t bankrupted by it, is fine with me.
We went through the dust bowl to learn that lesson, no need to do it again.