On Sat, 14 Sep 2019 17:22:28 -0500, Dean Hoffman
wrote:

On 9/14/19 9:14 AM, Shadow wrote:
On Sat, 14 Sep 2019 09:52:35 -0400, devnull wrote:

On 9/14/19 6:07 AM, Bod wrote:
On 14/09/2019 10:59, devnull wrote:
On 9/14/19 5:19 AM, Bod wrote:
According to a recent report from the Nebraska Farm Bureau, the international tariffs are costing farmers in the state $943 million in lost revenue. The projected losses would be in addition to tariff-related losses in farm-level income estimated
between $695 million to $1.026 billion in 2018, according to the report.

Beyond Nebraska, Midwest farmers are also feeling the strain as bankruptcies skyrocket. Data from the American Farm Bureau Federation published in July showed delinquency rates are at a six-year high for commercial agricultural loans in both the real
estate and non-real estate lending.

Wisconsin, Kansas, and Minnesota are leading the nation in Chapter 12 filings. Bankruptcy filings in Kansas and Minnesota increased so significantly in the past year that they reached the highest levels of the past decade, according to the report.

https://www.foxnews.com/politics/mid...hina-trade-war


Organic farmers here are doing great...even without the USDA's welfare subsidies.
Of course if you don't like organic, you can always eat genetically modified crops grown in nutrient-depleted soil and marinated in glyphosate.
It's all about free choice.

https://www.motherjones.com/food/201...-conventional/
Not much good if you're farm has gone bankrupt, leaving you with no money and debts.

"bankruptcies skyrocket"



Running a business is not easy, some farmers just don't have what it takes.

And yet they DID "have what it takes" before the tariffs.
Must be a coincidence...
[]'s


Which is why farm programs have existed since the 1930s. A bit
here if
you're interested:
https://en.wikipedia.org/wiki/Commodity_Credit_Corporation
I've been on or around farms all of my 60 plus years. There have
"always" been
farm programs. The first I remember is loans against the value of the
crop. The
old corn cribs had some sort of weather resistant sign on them saying
the crop was
mortgaged. The other most memorable one was the PIK (Payment in Kind)
program.
There was a lot of ground idled during that. Some he
https://www.gao.gov/products/RCED-85-60
Farms were organic way back when. Why do you suppose most farmers
started using the chemical fertilizers, herbicides, and insecticides?

Works the same here. But since Bolsonaro has decreed we can't
sell to "communist". "socialist" or "Muslim" countries, no buyers.
Prices of soy and corn here halved. But the bank interest rate
on the loans almost doubled. Our farmers are going bankrupt too.
Maybe American might be interested in importing our corn and
soy? It's highly contaminated with deadly chemicals, but it's half
price .... the average American wouldn't even notice. Bribe the food
inspectors and it's a win-win.
[]'s
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