Quote: @SFVikeFan said:
@ MaroonBells said:
It's predictable as clockwork.... must have only interviewed all those liberal anti-Trump farmers, right? I mean clearly that's a demographic that makes sense ... rural farming commie Muslim socialists and their Trump hate at it again.
It's just a lack of education that I've grown tired of. In the same breath, they'll tell you they hate liberals but love JFK, FDR, etc...lather, rinse, repeat....
Uhm...corn prices are up significantly the last couple years so wheres the crying on that matter?
Corn had went in the toilet following its 2012 highs so farmers do what farmers do, they switched to what was making money and that was beans, is it then surprising with record numbers of acres being farmed and record yields due to genetic seed enhancements, that bean prices would drop as more acres of beans are being planted?
For the record ag bankers have been saying since about 2015 or so that due to the huge increase in land prices that was driven by $7 corn back in 12 and 13 that all those farmers that started expanding, and using credit to do so, despite the unachievable break even on the land and equipment costs, that there would be another farm bankruptcy crisis.
This isnt as much about the trump tariffs as it is about farmers getting themselves upside down as they gambled on $7 corn being sustainable and borrowing beyond their debt limits.
I have neighbors that are doing just fine, they didn't get stupid and will likely be the ones that end up winners if the govt doesnt get involved and start bailing out poor operators and let the natural process take its course.
Quote: @JimmyinSD said:
Uhm...corn prices are up significantly the last couple years so wheres the crying on that matter?
Corn had went in the toilet following its 2012 highs so farmers do what farmers do, they switched to what was making money and that was beans, is it then surprising with record numbers of acres being farmed and record yields due to genetic seed enhancements, that bean prices would drop as more acres of beans are being planted?
For the record ag bankers have been saying since about 2015 or so that due to the huge increase in land prices that was driven by $7 corn back in 12 and 13 that all those farmers that started expanding, and using credit to do so, despite the unachievable break even on the land and equipment costs, that there would be another farm bankruptcy crisis.
This isnt as much about the trump tariffs as it is about farmers getting themselves upside down as they gambled on $7 corn being sustainable and borrowing beyond their debt limits.
I have neighbors that are doing just fine, they didn't get stupid and will likely be the ones that end up winners if the govt doesnt get involved and start bailing out poor operators and let the natural process take its course.
but, but... Trump!
I know the easy answer on bean prices is “orange man bad” but I dont think enough credit is being given to the effects of the African Swine Flu. Ive seen estimates from as few as 10s of millions to as many as 200m hogs that have been culled due to it. In china alone theres 500m hogs. Or about 1B on the planet. If you run with 100m figure of culled hogs thats 1/5 of the chinas hog production or 1/10th world wide. Theres reports out there that there might need to be an additional 250m hogs culled.
Hogs beans go hand in hand. If there isnt hogs to eat them there wont be a ton of demand for them.
I just wish we would have caught that rat bastard Trump before he infected all those hogs with his maga powers.
4.00 corn is not winning. It's a longer term issue, when you loose a market and your place at the negotiating table, your not in a real strong position. You think Sonny Perdue is gonna represent the farmers best interests or the traders?
$4 corn isnt the problem. It just isnt $8 like it was. $4 corn is well above the long term average. The problem is the input costs. $250/acre rent, seed, herbicide, machinery, fuel. The list goes on. When the production costs exceed the market value you have a problem.
https://www.macrotrends.net/2532/corn-prices-historical-chart-data
Quote: @BigAl99 said:
Wouldn't that be called not keeping up with inflation? So $4 corn is the issue, with hungry folk around why hasn't the price kept up? Russians are getting into it pretty heavy since 2k10.
https://www.indexmundi.com/agriculture/?country=ru&commodity=corn&graph=production . Wonder what markets they are going for.
https://www.indexmundi.com/agriculture/?country=us&commodity=corn&graph=production
its called production exceeding market demand. same with beans. the third world countries getting their hands on the genetics that allow them to raise bumper crops of corn and beans, and doing it the old fashioned way with long hours and cheap land and equipment allows them to sell for much less of break even than the US farmers who choose to pay out their asses for land and rent and then due to them farming way more land than ever they need monster equipment, that takes monster tractors to pull it, which equals monster input costs. some of that is out of their hands, but some of it is by their own doing.
and if those hungry folks had money they would buy the corn, beans and what ever, but how does poor hungry people not being able to afford commodities help your argument of it being Trumps fault that commodity prices are, according to you, inadequate?
so how are farming trends that have been in existence for decades Trumps fault again?
Quote: @JimmyinSD said:
Trump uses to much cheeto dust to keep his orange tan going? Damn food stamps don't buy cheeto's if they're all gone from the shelves!!!
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