Do you support farm welfare?
- Thread starter runkpanole
- Start date
There are absolutely poor family farms in Florida. There's a family just down the street from me who have created a little family vineyard and winery.
Yeah, I guess they're not "poor" in the literal sense, but I'm really wondering how their business plan will work out.
BS.
It takes weeks just to get the title work done even if it's an an all-cash transaction.
Not if it’s only a few acres.
They were using it and we had our money. Paperwork not done. That part you are correct
Look back at my edited post.
You are right on larger parcels though. That could take a bit longer, but the payment could be very quick
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I used to but not anymore, heard one too many complain about welfare queens while they were cashing their ag welfare checks.
Project 2025 says that Americas row croppers have become too dependent on government welfare and that has to change and I think they’re right.
Project 2025 says that Americas row croppers have become too dependent on government welfare and that has to change and I think they’re right.
Finalizing something and making the purchase agreement are two different things. Cash can be exchanged immediately. You know this. Don't play dumb.
Im in the middle so a yes no means I cannot vote. Yes in some instances with some restrictions, but agree with the above to No on Corporate farms.
WHO THE HELL is going to give anyone money if it's not a done deal? Someone else might have a lien on that property, and you need title insurance to protect against that, or else your money might vanish into thin air.
Quit being naive. Big property deals go on all the time. It is called an escrow account. You know this. Part of it could be a non-refundable down payment.
I hate business work and yet you are in the business of doing business......please tell me you are just f/ing around with me. B/c otherwise, retirement is calling.
You can't withdraw money from an escrow account to keep the wolves at bay while the title work is being done to try and sell before you get foreclosed on.
Have you ever bought or sold a property before?
Yes. Keeping the wolves at bay is easy as shite. You act like they can just walk up to the door and take your land. GtFO.
There are laws and legal procedures that drag shit out for months.
Retire,
That’s not being a socialist. I don’t think you socialism.
obviously you don’t know the panhandle.
And a land purchase can drag out for months, too.
Hell, we CLOSED on Tradition Manor and were physically living here and the bank tried to rescind AFTER THE DEAL WAS CLOSED due to dispute over whether we needed flood insurance (we didn't).
Quite simple...liquidity.. farmers are literally standing on their wealth
Believe it or not, Tradition Manor is on a big hill overlooking Lake Tradition. What I like to call our "lower backyard" will get completely flooded after a tropical storm event, but it would take a Noah-like flood event to actually get to the house.
Direct subsidies on grain have been cut way back. Trump paid out a lot for Covid and trade war losses. Most not are in indirect subsidies for ethanol and crop insurance.
The the environmental subsidies are token
No but you can be cash poor which is easily remedied thru loans or sales of land. Now if you leveraged your land with debt then yes.
If a cash grain farmer hasn’t done well they never will.
I still have cash rents in the low mid 400s with a flex on top of that
Ask yourselves some questions. Should subsidies go towards farmers that practice clean water? Or the pig farmers that have sewage spills every year?
Should I pay for a farmer going on vacations and buying new stuff every year and writing off everything?
They deserve to make a good living. But, man....the grease the system like no other.
Should I pay for a farmer going on vacations and buying new stuff every year and writing off everything?
They deserve to make a good living. But, man....the grease the system like no other.
How about Florida farmers who can get wiped out if there's a January like we're having this year?
Grain farms are almost 100 percent family owned. Livestock in other states not so much. 25k acre farms are still family operated.
Right now, based on sales at the retail and distribution level, I would agree.
My answer is going to be biased, because I own an insurance agency...
I believe crop insurance does need reform, but if and when it does, be ready for a giant reset in the Ag landscape. Revenue insurance is a great thing, and no, it doesn't "guarantee" you a profit, but it does limit the potential for catastrophic revenue losses. If the crop insurance program is eliminated from being a government ran program, and subsidies disappear, the repercussions of that will be one of the worst things for the farm economy, depending what gets put in place behind it.
There is exactly 0 standard insurance companies that will be able to afford to provide coverage that is even remotely similar to what is available now. Revenue insurance will disappear, and it'll be yield based only. Coverage levels that are currently available, or bushel guarantees, will be reduced to a number that, in a year like we had in our area this year, will quite literally run farmers out of business. Yes, in one year, farmers will be upside down enough that they will be selling equipment, selling land, and giving up land.
With that will come a more than 50% drop in land prices, immediately, and the fall out will be much worse. The "family farms" that you all like to drool over, will be the first ones broke. The big guys, corporate farmers, the bad guys, will scoop up that land with equity pulled from other owned acres in the blink of an eye.
Machinery prices will plummet, land prices will plummet, rent prices will plummet.
Does that mean it doesn't need changed? No, I think there are some changes that could be done to make it cost a little more, less of a subsidy, maybe limit the higher coverage levels that are available. Do I see it happening? No, not anytime soon. The lobbyist's for the farm side and rural America have so much pull. Think of what losing any subsidy or revenue based coverage will do to Corteva, DeKalb, Stine, chemical and fert suppliers, grain elevators, implement dealers and equipment manufacturers. It is such a rich ****ing industry that I don't believe they'd ever get any meaningful legislation pushed through that would make any substantial changes to what is currently in existence.
Hell, the two "area plan" endorsements to a crop policy, ECO and SCO, had the subsidy increased for 2025.
Just my opinion.
