| reformedbanker - 12/21/2024 06:26
Buy Ford stock, King Ranch orders incoming. 3 MFPs, 2 CFAPs, this is already the new baseline it seems.
Nice clown response. The banks in 2008 were made whole by the way. Here's the deal. ARC and PLC haven't paid the last 2 years because the farm bill has been extended without updating reference prices. As a farmer you sign away your property rights when you sign up for the farm bill along giving away all your agronomic data. So for the last 2 years the government has paid for that. Basically this bill is paying a corn and soy rotation farmer $35 an acre in this bill or $17.50 an acre for 2 years since the government paid nothing in 23 and 24. Crop insurance enterprises subsidies likely total another $20 an acre ish most years. See what's happening here? The government knows your data and property rights are worth around $40 an acre. They are paying you $37.50. I'm tired of this BS going around that farmers are getting a handout. They aren't. They are not even getting paid what they are worth in the information and land rights they provide the government |
So what happens next year…….?
