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Cattle Boards
Grasses, Pastures & Hay
Pasture Leasing Trends ?
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<blockquote data-quote="JSCATTLE" data-source="post: 1290797" data-attributes="member: 16648"><p>Rice farmers get payments here not to farm .. Dcp is the initials .. I was at the ag lenders office in my area a while back and saw a guys application for a loan to purchase cows . His dcp payment was 32k a year .. His payroll statement said 52k a year . He made over have his annual income in government payments . I ask the lender how that works and he said you can still run cows and cut hay just can't farm rice . Sounds like bs to me ..</p></blockquote><p></p>
[QUOTE="JSCATTLE, post: 1290797, member: 16648"] Rice farmers get payments here not to farm .. Dcp is the initials .. I was at the ag lenders office in my area a while back and saw a guys application for a loan to purchase cows . His dcp payment was 32k a year .. His payroll statement said 52k a year . He made over have his annual income in government payments . I ask the lender how that works and he said you can still run cows and cut hay just can't farm rice . Sounds like bs to me .. [/QUOTE]
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