We need Aid !!!!!

[farmaholic]

Cub Ass. It's called a reset, a reboot, a correction. Where things that got out of control get revalued. Everything!!!! And it goes to show who is the hub of the ****ing wheel, not some measly spoke. A wheel can still roll with a missing spoke....

[furrowtickler]

Big guys have fallin before and had zero effect on the rest of us - in fact it alowed others to expand reasonably , steadily and efficiently . It should be a cold day in hell the "big boys" should get a bail out after 2 months of drought - *** that noise .

[cuban_assassin]

Many farms have arranged there financial affairs to require at the very least an average crop to service debt. The amount of dollars per acre required to make it through a production cycle these days is huge and therefore I think the majority of large farms do not have a contingency fund. They need a crop every year or they are going backward very fast, if not out. Every year there are relatively small areas that have production issues but this drought encompasses a huge acreage which is why the government will get involved and come up with some cash to the producers. They have to or they will have a much larger problem on there hands if they don't.

[Tucker]

ummm yeah furrowtickler. I wouldn't have stated it so bluntly but you're absolutely right.

[iceman]

No bail out. Low hanging fruit always gets picked first. A per acre hand out would go from the farmers hands straight to the landlords or to the Ag retailers hands.lets face it.
The majority of us don't and will never have a money problem!! We have a SPENDING PROBLEM.

Those who have run a tight ship the last couple year will have their day in the sun and rightly so

Out

[Tucker]

Cuban, do you play poker or are at least familiar with the game? If you're going 'all in' on a crop every year, isn't total failure an option? That's literally the definition of 'all in'. You can fail. Then you lose everything. Nobody is guaranteeing you a profit this or any year.

Lehman Bros wasn't even too big to fail. You are? LOL

[freewheat]

I can't believe what I am hearing! A bailout? Oh man. That is rich. Because of debt? Who is holding the gun to our heads, forcing us to borrow for iron or land or ANYTHING???

Farmers expand like a bunch of wild sasquatches when times are relatively good, and now with the chance of a poorer year, need a bloody bailout? HECK NO!!!

I simply cannot believe what I am hearing. Many of us pulled though some of the worst ten years of farming history with no bailout. Why now all of a sudden?

You live within your means, you tighten the purse strings when things are not affordable.

Let me guess, they guy who bought the STUPID new Bourgault million bushel 2000 foot air drill, and now can not make his payments needs a bail out?

Imagine selling this to the public? Fancy 3/4 ton trucks, millions of bushels of bins built, farms with line ups of 4 plus half million dollar combines, 140 000 dollar VT machines, million dollar seeding rigs, and land worth gazillions need a bailout?

Because they over leveraged themselves? No one forced anyone to buy land at exhorbitant prices, to rent land for 80, 90, 100 bucks an acre, to borrow a couple million to buy iron so you can be the coolest guy on earth.

I have been preaching for years, that we farmers need to get a bloody grip, and recognize that this business has ups and downs, and we need to take responsibility for OUR choices.

No one said we MUST farm 5 or 10 thousand acres to make a living. We say it ourselves to justify our silly spending habits.

A bailout? Bwahahahahahaha! And this is coming from a guy who has not expanded, bought flashy iron, and been through hell and back in terms of crappy crops and weather the last decade. I did not expand, or buy iron, because it was not feasible or doable.

Like quarter million plus land. You buy it, you better bloody well take responsibility for your decision.

[Tucker]

How am I so not surprised at your rant Freewheat. Welcome to the party. High-5

[freewheat]

If farmers are setting up their farms so that an average crop services debt, they are screwed right up. If they do this willingly, screw them, they can suffer the consequences. Not me, not my nurse sister, not my aging mother.

No one forced the unreasonable, un-necessary, and bizarre spending habits upon farmers generally.

There will be no bailout. I will be fighting against it as hard as I can, if there is even a tiny discussion about this at any government level.

I think now of the guys that sold their cows, cuz their sons wanted to sled all winter, and just do the grain thing. Ripping up land that should have been grass and remained grass. They went all in. That is their fault.

[furrowtickler]

You are right cubin , but that's the problem - why does one need to do that ? You don't - again machinery companies and fert experts convinced some/ many they have too - that's complete b/s . A great crop can be grown year after year if conditions alow by many other ways far less costly - some guys need to open their eyes - mine were opened very wide after the last - longer drought, hail and frost event a dozen years ago.
Ya I may be blunt but it is what it is .
You are absolutely right Cubin but it is 95% self inflicted by both industry and individual farmers, that does not deserve a bail out , it is a correction that was far overdue on many levels that was going to happen sooner or later . Regardless it is not good short term but no way should a bail out try to cover the stupidity in Ag that has unfolded the past few years that put many in the situation you have stated.

[LEP]

500 of the big boys could get corrected and the effects would be mostly positive for the rest of us.

Banks, input dealers, grain cos and machinery companies would get their eyes opened about their own risk management.

But it won't happen. There may be several operations realigned but it won't be wholesale.

[farmaholic]

What would to poor machinery dealerships do without those multiple unit swap outs to displace competing brands. Or just the multiple unit trades so the operators can stay "current".

[farmaholic]

Furrow, explain the fert comment. We know we need it, is it how much and when or not all at once and only if it justifies it? When I hear how much some people apply, I think wow I could still ramp it up. We don't skimp (in my opinion) but I don't think we're excessive either. Wheat protein is usually on the higher side. My land has limitations, espcecially if moisture is a concern.

[Guest]

you guys are absolutely right , better not be any bailouts , just so they can put on a show and pay stupid rents !

[furrowtickler]

There will be many bigger farms that will be just fine because of proper risk management , but others big , small or inbetween may get slammed but like I said before there are many insurance options on the table that are available . Again it's been a two month drought not a multi year event - deal with it - many of is had to.
As for machinery companies - absolutely no love lost other than some of the great local individual dealerships that will sting for a few months - but they all had many great years in a row as many farmers did other than flood areas . So no way "AID " IMO at this point . A multi year drought maybe but there was virtually zero for the cowboys and BSE or washed out guys out east , so again right now deal with it or book Kramers or Richie's if you can't make ends meet after two months .