Ag Policy Blog
Chris Clayton DTN Ag Policy Editor

Tuesday 02/12/13

Senators Introduce Payment Limit Legislation
Four senators have once again introduced legislation to cap the level of payments a farmer can receive.[Read Full Blog Post]
Posted at 4:51PM CST 02/12/13 by Chris Clayton | Post a Comment
Comments (5)
So the senators are going to continue to target the largest operations with multimillion dollar investment/profit guarantees as well as annual individual federal crop insurance subsidies at a million dollars plus and we are supposed to think they are serious about helping smaller farmers?
Posted by Lon Truly at 7:16PM CST 02/12/13
A vivid example of the lethal impact on smaller farmers of congress targeting the largest farmers with multimillion dollar investment/profit guarantees is the debacle occuring now in sw Michigan. Bankers eager to cash in on congress's open ended crop insurance guarantees engaged in pedal to the metal lending with a 40,000 acre plus farmer named Mike Stamp. In order to grow his operation to this size a large number of smalller farmers were outbid by Mr. Stamp for rental land and were forced to downsize their farming operations. This past year Mr. Stamp was one of three finalist for Top Producer's Top Producer of the year award. Before the year ended Mr. Stamp had filled for bankruptcy. If congress was not engaged in this insane pedal to the metal investment/profit guaranteeing business to the largest farmers, smaller farmers would have been most likely able to hang on to their operations. Internet search engines provide many details of the ongoing bankruptcy and the numerous small farms and farm input suppliers being hurt by this action by congress providing multimillion dollar benefits to the large farmers such as Mr.Stamp. Lenders would not be engaged in such extremely reckless lending practices if not for the .massive investment/profit guarantees by congress to one individual.
Posted by Lon Truly at 8:32PM CST 02/12/13
Another narrative of how congress is destroying smaller farms with nearly unlimited investment/profit guarantees for some of the largest operations is documented with the following link.http://www.agweb.com/farmjournal/arti...
Posted by Lon Truly at 8:34PM CST 02/12/13
A better link may be http://www.agweb.com/farmjournal/article/high-profile_crash_of_a_titan/
Posted by Lon Truly at 4:29AM CST 02/13/13
This is a disgrace to the hard working farmers who love the land. they don't get rich, they just try to hold on. When farming is in your heart and soul, it's a slap in the face.
Posted by Nina Walker at 4:39AM CST 02/23/13
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