Income support

[Hopalong]

Looking back at U.S. commodity support programs, cost to govt was around five billion a year prior to mid nineties, rose to ten billion average and peak of twenty seven one year.
With 2014 farm bill, cost has dropped back closer to five billion and budget office predicts it to stay there.
Implication for Canada is reduction from present two to three billion government cost of similar commodity crop programs under GF3.
Ending direct payments based on past production is credited with U.S. success in containing costs, suspect we will see an end to our Agrinvest and other program similarities to their direct payment programs.

[15444]

Bring it on!

[iceman]

Affirmative

Iceman out

[ado089]

Good. Let's can crop insurance and quotas while we're at it.

[farmaholic]

With what farming eveolved into, Who here would farm with your ass fully exposed? Huh, who?

[15444]

With what farming eveolved into, Who here would farm with your ass fully exposed? Huh, who?

The small operators who have kept their debt to a minimum. Big operators will be long gone.

[farmaholic]

This isn't your Grandpa's farm... This is a high stakes poker game. More than just seed fuel and some time involved. Enough money is spent each year that would make the average person's head spin.... and I have to ask myself why?

No debt you say? That may be the case, but have a couple or several crop failures in a row and see where your operating money will come from. After the "cushion" is spent and gone....next is the equity in the operation.

And all while everyone else supplying you with goods and services is getting PAID!!!

There is a reason farm support programs exist, Who else in their right ****ing mind would do this?

[15444]

This isn't your Grandpa's farm... This is a high stakes poker game. More than just seed fuel and some time involved. Enough money is spent each year that would make the average person's head spin.... and I have to ask myself why?

No debt you say? That may be the case, but have a couple or several crop failures in a row and see where your operating money will come from. After the "cushion" is spent and gone....next is the equity in the operation.

And all while everyone else supplying you with goods and services is getting PAID!!!

There is a reason farm support programs exist, Who else in their right ****ing mind would do this?

It will go back to being 'Grandpa's farm'. Everyone around the poker table will lose and then the next game will be Russian roulette until every poker loser is a winner.

But don't worry, you'll get a warning shot to get out. Look at dairy. Every dairy guy here over the age of 50 has their exit plan already mapped out - sell out within next 5 years. All the young kids are balls to the wall in debt and bringing in dynamite to make a deeper hole.

[fjlip]

"Who else in their right ****ing mind would do this"

You bet farma, almost every day this comes to mind.... keep your sanity.... darn hard here some days.

[bucket]

I will gladly give up the subsidy shit as soon as bombardier gm Chrysler evraz etc etc etc quit sucking on the government tit for far more than ag ever recieves.

Some of you guys are noble people saying you don't need the government programs.

Good on you but remember you are competing against farmers around the world that are guaranteed better prices and have government warehouses etc.

Better rethink who you are competing against.

[ado089]

As a young guy working off area averages and throwing in a few hail years, a couple of extreme wet and a drought my coverage is so shitty that crop insurance premium is basically a donation to government general revenues. I'm still farming because I held on to cash and inventory when things were better and taken a more modest approach to expansion and machinery. I honestly have no idea what kind of epocalaliptical catastrophe would have to take place for me to get more than premium back from scic. At least private options reflect my risk and what is put into the crop.