Been going on for 50yrs Nothing new
Been going on for 50yrs
Nothing new
This is to ensure prices don't bottom out.
If there is a glut of soy or alfalfa or corn, the price goes down. If it goes down too far all the farmers go bankrupt, so the government will basically buy the crop so it doesn't go to market
This is to ensure prices don't bottom out.
If there is a glut of soy or alfalfa or corn, the price goes down. If it goes down too far all the farmers go bankrupt, so the government will basically buy the crop so it doesn't go to market
I've heard of subsidies to not grow certain crops, not sure about burning .Might be some payoof from one of the bigs....monsanto. etc etc
I've heard of subsidies to not grow certain crops, not sure about burning .Might be some payoof from one of the bigs....monsanto. etc etc
I have seen something sort of similar happen once with a field contaminated with GMO wheat that was not supposed to be there. Would have fucked up the whole region's east asia export market for the year if anything from that field had been allowed to hit the market.
My main takeaway was frustration that east Asia has higher standards for grain than we do and anger that the farmers who bitch and moan and want accolades for feeding America are actually sending the bulk of our best products overseas, and at such prices that the domestic market frequently can't afford them.
I have seen something sort of similar happen once with a field contaminated with GMO wheat that was not supposed to be there. Would have fucked up the whole region's east asia export market for the year if anything from that field had been allowed to hit the market.
My main takeaway was frustration that east Asia has higher standards for grain than we do and anger that the farmers who bitch and moan and want accolades for feeding America are actually sending the bulk of our best products overseas, and at such prices that the domestic market frequently can't afford them.
My ex wife's family got millions a year to NOT farm half their ground 20 years ago. Some farmers are in on the scams.
My ex wife's family got millions a year to NOT farm half their ground 20 years ago. Some farmers are in on the scams.
As a boy in coastal NC, my neighbor applied every year to grow tobacco. The government PAID him the full price of his 20 acres to not grow it. He planted corn in the tobacco field and sold it to hog farmers. That old Jehovah's Witness was pretty wealthy.
As a boy in coastal NC, my neighbor applied every year to grow tobacco. The government PAID him the full price of his 20 acres to not grow it. He planted corn in the tobacco field and sold it to hog farmers. That old Jehovah's Witness was pretty wealthy.
Its for corn/soy which feed swine and cattle. It creates price stability in the meat markets.
Its for corn/soy which feed swine and cattle. It creates price stability in the meat markets.
At the start of covid there were a ton of hogs and chickens being killed iirc. I need to look into that again.
At the start of covid there were a ton of hogs and chickens being killed iirc. I need to look into that again.
I think they prefer to pay you not to grow, but if necessary to support prices they will pay you to destroy crops
I think they prefer to pay you not to grow, but if necessary to support prices they will pay you to destroy crops
The problem with farming is that you cant retrofit your farm to do something else. It is a large investment with thin margins. If the prices dip too low, because one year everyone decides to grow the same crop, supply outstrips demand, prices drop and farms go bankrupt.
The best way to run farm is threaten the government that you'll start farming if they don't pay you off.
The problem with farming is that you cant retrofit your farm to do something else. It is a large investment with thin margins. If the prices dip too low, because one year everyone decides to grow the same crop, supply outstrips demand, prices drop and farms go bankrupt.
The best way to run farm is threaten the government that you'll start farming if they don't pay you off.
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