Minding Ag's Business
Marcia Zarley Taylor DTN Executive Editor

Friday 12/07/12

Droughts No Shock to Farm Income
Using inflation-adjusted dollars, the Great Drought of 2012 shows overall farm incomes are relatively stable, much as they were following droughts in the 1970s and 1980s. But that average includes losses for livestock feeders which are masked by record-breaking income for grains producers, USDA says. Modern droughts may wreck havoc on the livestock sector, but they just aren't as financially debilitating to crop producers as they were in the last century.[Read Full Blog Post]
Posted at 1:39PM CST 12/07/12 by Marcia Zarley Taylor | Post a Comment
Comments (3)
Congress's mindless obsession with targeting the wealthiest farmers with nearly limitless multimillion dollar investment/profit guarantees is one of the most disruptive financial forces to ever hit rural America. Smaller farmers given miniscle government benefits are stamped irrelevant by insane government insurance programs that destroy their ability to compete in any way with the umbrella of overwhelming superior investment/profit guarantees larded on the largest operations and are being rapidly driven from rural America. If smaller farmers are to have any chance of competing in America, government must be stopped from this mindless obsession of awarding the richest with the largest income/investment guaranteeing programs
Posted by Lon Truly at 7:22PM CST 12/07/12
Lon, Why do you single out the food production industry when referencing insurance and programs. Have you looked at FEMA-Banking-Green energy conglomerates, mass transit, airport authority's etc.? One might find all are related in more than one way and dependant on deficit spending. Considering the 3 basics needs for human survival, food and water should be the last on your critical list, not the first.
Posted by Bonnie Dukowitz at 10:30AM CST 12/10/12
Bonnie - Feel free to further expound on the numerous ways the federal government is flushing billions down countless government rat holes. Government insurance policies that drastically reduce the numbers of farmers tend to increase the risks of crops being unplanted and unharvested.
Posted by Lon Truly at 12:28PM CST 12/10/12
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