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Dean Hoffman[_12_] Dean Hoffman[_12_] is offline
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Default FOX NEWS: Farmers going bankrupt because of Trade War

On 9/14/19 7:59 PM, Shadow wrote:
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:


Some cut.

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

Farmers had some really good times here in the central U.S.
about five
years ago. Some guys got a little careless. Buy equipment and/or land?
Let the government take it in taxes? No good options sometimes.
Farmers here are a bit like royalty. They're born into it or marry
into it. I can't imagine the average city guy being a farmer.