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<blockquote data-quote="Jogeephus" data-source="post: 620507" data-attributes="member: 4362"><p>Most of the more lucrative subsidies are gone. Tobacco and peanuts were two of them. These were set on what was called a quota system giving you the right to grow these crops and a guaranteed price for these crops. Anything over this quota was a risky proposition to say the least. Most of what I see on this site are payments for growing a certain crop like cotton. The intent of these payments is to insure that the farmer at least breaks even and doesn't lose everything. This year, futures traders ran cotton up to a dollar a pound BUT they wouldn't buy it from you for that. This was just paper trading - just like oil. I don't profess to understand this at all but what I do understand I don't like. Take corn. Corn went for $7 bushel but when the crops came in how much were the farmers actually paid? Nowhere near that amount but the high price of corn sure did affect you and me for quite some time. Its a screwy system but the farmer doesn't set the price of their product they just have to sell it for what the market will pay and the government only will pay them a little to insure they can at least break even. In this respect, I don't see a problem with these payments.</p><p></p><p>To say its a perfect system would be wrong. To say its not abused by some would be wrong too. But what is the alternative? Indirectly we as beef producers benefit from these subsidies as well due to cheap grain prices. Just look at historical data regarding beef prices and the price of corn. Its an inverse relationship and doesn't take a rocket scientist to see how this trickles around.</p><p></p><p>But if you want to really get upset over something, look into the crop insurance. This is where the scams are. Its ridiculous and some people should be in prison over their abuses of this system. And yes, you and I pay for this and we pay dearly. This is something that I admired about Obama. He understood this and said he didn't have a problem with the system just the enforcement of the rules of the system. I salute him for that. So what do we do? Kill the mule cause its got fleas and let big industry control the farming in this country? Or should we just get rid of the fleas? The only entity that is capable of getting rid of the fleas is the government and for the last 20 years it did not seem to care. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite4" alt=":mad:" title="Mad :mad:" loading="lazy" data-shortname=":mad:" /></p></blockquote><p></p>
[QUOTE="Jogeephus, post: 620507, member: 4362"] Most of the more lucrative subsidies are gone. Tobacco and peanuts were two of them. These were set on what was called a quota system giving you the right to grow these crops and a guaranteed price for these crops. Anything over this quota was a risky proposition to say the least. Most of what I see on this site are payments for growing a certain crop like cotton. The intent of these payments is to insure that the farmer at least breaks even and doesn't lose everything. This year, futures traders ran cotton up to a dollar a pound BUT they wouldn't buy it from you for that. This was just paper trading - just like oil. I don't profess to understand this at all but what I do understand I don't like. Take corn. Corn went for $7 bushel but when the crops came in how much were the farmers actually paid? Nowhere near that amount but the high price of corn sure did affect you and me for quite some time. Its a screwy system but the farmer doesn't set the price of their product they just have to sell it for what the market will pay and the government only will pay them a little to insure they can at least break even. In this respect, I don't see a problem with these payments. To say its a perfect system would be wrong. To say its not abused by some would be wrong too. But what is the alternative? Indirectly we as beef producers benefit from these subsidies as well due to cheap grain prices. Just look at historical data regarding beef prices and the price of corn. Its an inverse relationship and doesn't take a rocket scientist to see how this trickles around. But if you want to really get upset over something, look into the crop insurance. This is where the scams are. Its ridiculous and some people should be in prison over their abuses of this system. And yes, you and I pay for this and we pay dearly. This is something that I admired about Obama. He understood this and said he didn't have a problem with the system just the enforcement of the rules of the system. I salute him for that. So what do we do? Kill the mule cause its got fleas and let big industry control the farming in this country? Or should we just get rid of the fleas? The only entity that is capable of getting rid of the fleas is the government and for the last 20 years it did not seem to care. :mad: [/QUOTE]
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