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Thread: Trouble down on the farm

  1. #1

    Default Trouble down on the farm

    Worst economic year for scene since the 80's. I bet a lot of those multi million dollar equipment loans will go belly up.

    Rent walkouts point to strains in U.S. farm economy

    (Reuters) - Across the U.S. Midwest, the plunge in grain prices to near four-year lows is pitting landowners determined to sustain rental incomes against farmer tenants worried about making rent payments because their revenues are squeezed.

    Some grain farmers already see the burden as too big. They are taking an extreme step, one not widely seen since the 1980s: breaching lease contracts, reducing how much land they will sow this spring and risking years-long legal battles with landlords.

    The tensions add to other signs the agricultural boom that the U.S. grain farming sector has enjoyed for a decade is over. On Friday, tractor maker John Deere cut its profit forecast citing falling sales caused by lower farm income and grain prices.

    Many rent payments which vary from a few thousand dollars for a tiny farm to millions for a major operation are due on March 1, just weeks after the U.S. Department of Agriculture (USDA) estimated net farm income, which peaked at $129 billion in 2013, could slide by almost a third this year to $74 billion.

    The costs of inputs, such as fertilizer and seeds, are remaining stubbornly high, the strong dollar is souring exports and grain prices are expected to stay low.
    How many people are walking away from leases they had committed to is not known. In Iowa, the nation's top corn and soybean producer, one real estate expert says that out of the estimated 100,000 farmland leases in the state, 1,000 or more could be breached by this spring.

    The stakes are high because huge swaths of agricultural land are leased: As of 2012, in the majority of counties in the Midwest Corn Belt and the grain-growing Plains, at least 40 percent of farmland was leased or rented out, USDA data shows.

    "It's hard to know where the bottom is on this," said David Miller, Iowa Farm Bureau's director of research and commodity services.
    http://www.reuters.com/article/2015/...0LR0EX20150223
    What's the Frequency, Kenneth?

    432Hz

  2. #2

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    And this is how it begins. Drop a pebble in the pond and watch the ripples.
    To Be, Do. Descarte
    To Do, Be. Sartre
    Do be do be do. Sinatra

  3. #3

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    Ripples in the beef industry too....

    http://www.bizpacreview.com/2015/02/...ndustry-182192

    February 24, 2015 by Joe Saunders 2 Comments

    Taking over the American health care system and interfering with school lunches wasn’t enough.

    Now, the Obama administration wants to change the way Americans eat for a more “sustainable” future by pushing a “plant-based” diet down our throats.

    And the beef industry is crying foul.

    dairycow0224A report released last week by the federal Dietary Guidelines Advisory Committee recommended federal measures to cut down on high-calorie foods in public buildings (such as schools) and taxing desserts and other high sugar and salt items, according to the Washington Free Beacon.

    But the big problem is Americans more meat than is good for them – or the environment, the report states.

    “The major findings regarding sustainable diets were that a diet higher in plant-based foods, such as vegetables, fruits, whole grains, legumes, nuts, and seeds, and lower in calories and animal-based foods is more health promoting and is associated with less environmental impact than is the current U.S. diet,” DGAC said.

    Hogwash, responded politicians from meat-producing states.

    “Generations of cattle farmers and ranchers have been and continue to be conscientious about conserving limited natural resources,” Sen. Chuck Grassley R-Iowa, told FoxNews.com.

    “They rely on the land and the environment for their livelihood. Those facts get lost in Washington and in arguments that eating red meat hurts the environment.”

    What’s particularly chilling about the report is its assumption that the federal government should basically control every aspect of food production and consumption.

    “New well-coordinated policies that include, but are not limited to, agriculture, economics, transportation, energy, water use, and dietary guidance need to be developed,” the report states.

    “Behaviors of all participants in the food system are central to creating and supporting sustainable diets.”

    “All participants in the food system” means – most especially – the people who participate by eating it.

    And that means you. If the Obama-nuts get their way, better hope you like legumes.

  4. #4
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    Default

    no..this all a cycle playing through. ....it will lead into another cycle eventually...

  5. #5

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    Quote Originally Posted by captainsilverton View Post
    no..this all a cycle playing through. ....it will lead into another cycle eventually...
    They haven't let the last two cycles complete. When don't let a forest fire burn off all the undergrowth, you end up a conflagration that can't be controlled.

  6. #6

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    It will probably give the EPA a reason to try and push the E15 fuel mix again.
    What's the Frequency, Kenneth?

    432Hz

  7. #7

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    All good in Saskatchewan....maybe land rent got ahead of itself, or maybe its just more farmers whining....they like to do that. Before i started farming, got to hear how....at least u get a steady paycbeck from farmers in my area.....lecturing me from their new diesel truck, with the quad in the back lol. I have heard it for my whole life....the poor poor farmer, now that i farm, i know its all a big lie.

  8. #8

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    There's a few who actually own the land as most do around me that have put the money into grain bins. The renters are the one with all new equipment. Could just be leased though.
    What's the Frequency, Kenneth?

    432Hz

  9. #9

    Default

    Yields have been record as of late.

    http://www.daily-journal.com/news/lo...ca180621d.html
    What's the Frequency, Kenneth?

    432Hz

  10. #10

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    Quote Originally Posted by redraspberry View Post
    There's a few who actually own the land as most do around me that have put the money into grain bins. The renters are the one with all new equipment. Could just be leased though.
    used to rent my land...didnt pay dick all, and didnt have farm status so i paid a ton of tax. End of the day, the ones who run like a business do fine, the ones who treat it as a tradition....do things the same equipment as 40 years ago....are going the way of the dodo

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