drought 1988 and 2015

[riders2010]

Ya that would make more sense. But that's why they don't want it.

There is so much wrong with this current system. Price changes in inventory from one year to next on the same grain can cause a payment or not.
My grain from last year should have nothing to do with my crop from this year. And the year end price gives you a margin. But that's not what you sell it for so those numbers are all ficticious.
Beyond stupid

[Hopalong]

Old ways to handle drought risk were money in the bank or carrying over grain and feed.
Another was avoiding reliance on purchased inputs.
Times have changed.

[GOODRUM]

Of the billions at risk what percentage actually would go in the bank? The lucky one that have had some decent income would know that the margins at best are not that good to skip a year with the cash flow required to farm today.
Most of the losses will be on the grassroots producer , the leeches are secured .
To bad we are so dependant on them to feed the world.
Be great if we could off load some of the losses to our partners.
A the moment I have a chance at a crop but know the frustration you guys are going through, it's not good to feel so helpless.
Might be the time for the reset that some one mentioned was overdo.
Hang in there.

[bucket]

Majority of the money here in this area won't stay in the pockets of the producers. Less than 10 percent.

If they leave guys hanging the remaining 10 percent wouldn't be able to handle it.

[bucket]

Majority of the money here in this area won't stay in the pockets of the producers. Less than 10 percent.

If they leave guys hanging the remaining 10 percent wouldn't be able to handle it.

[hobbyfrmr]

we are not feeding the world.we are primary producers of a grain commodity. Nothing more than that.

[GOODRUM]

Whatever , people can eat because of what I do.

[farmaholic]

Designing a farm income program in a one size fits all is an near impossibility. An across the board ad hoc acreage payment is like a "bonus" for those who were lucky enough to grow a crop this year. Maybe the margin based program was the way to go, before it was castrated though.

Everyone has unique circumstances, it shouldn't matter if your financially solid as a rock or weaker than a wet paper bag. If, because of events(drought and yes flooding)beyond your control you are farming for the year at a huge loss maybe there should be some sort of backstop to keep people in the game. It isn't all bad ****ing management, I don't know if I will have a profitable acre at this point. At this point I am hoping, at the very least, to recoup as much of my expenses as possible.

[bucket]

We are not splitting atoms to design a farm program. It has to be built to allow mew entrants otherwise renewal can't happen.

Guys with only a few years under their belt shouldn't be left hung out to dry.

But then again neither should guys with 35 years. No one wants to lose a full years income due to things out of their control.

I can eat my attempt at tillage radish or chickpeas and a hail storm etc.

But I can't swallow a 100 percent drought no better than 3500 acres of too wet.

And lucky for me I have witnessed both in the last 5 years.

[ado089]

I just wish the government would give me the money they claim to put into crop insurance and let me use it to manage risk as I please. The $30-40/ac they claim to contribute would go a long way in buying risk management tools like hail insurance, weather derivatives, margin insurance and grain options. Crops insurance just costs a lot of money and leaves young guys like me flapping in the breeze.