Wisconsin: Past due Farmer loans hit 18 year high

Well anything is possible with this egomaniac, but doing another bailout because of his trade wars will not help him election time.

 

Good point. I’d add one caveat. Most “corporate” farms are family farms organized as corporations mostly for personal asset protection and sometimes tax benefit. Around here it’s about half and half corporations/sole proprietorships. All of both are family operations of various scales. What’s changing is number and size of operations.

 

It helped Obama and Democratic House/senate candidates I believe. He gave away billions because of dry weather in a smoking hot farm economy with record high commodity prices.

It could be argued that Obama era policy is the cause of some bankruptcies today. Many people made unwise purchasing decisions to avoid higher tax brackets when those payments came in. Then when cyclical prices fell, those purchases couldn’t be cash flowed. It was especially hard on those who couldn’t utilize income averaging or were necessarily highly leveraged already because they were young or beginning farmers.

Most of us wish to be left alone. We don’t want money and we don’t want hassle. Right or wrong, many feel they are owed the subsidies for having to put up with bizarre requirements and regulations. As long as the public and government benefit from the status quo cheap food policies it isn’t going to change no matter who is president.

For what it’s worth, the worst commodify prices of my career were the end of the Clinton presidency. I never blamed him. He didn’t cause it.

 

Yea, that's why Hillary is President.

 

What money did he give away.

 

Logic fallacy.

 

It could be argued illogically that Obama era policy is the cause of some bankruptcies today.

 

Most money went to the Livestock Forage Disaster Program, but there were other programs I can’t remember that had increased spending or eligibility criteria relaxed.

 

Putin's choice.....AND YOUR CHOICE.....PROUD?

 

The Russians spent pennies on the dollar compared to the $1.2 Billion Hillary spent. Please enlighten us on how they could be so effective with so little money and Hillary's campaign could spend so much and still lose. C'mon Jimbo fill us in.

 

As far as I know the key factor. There were also blizzards late in the season. It affected Canada as well.

https://www.cnbc.com/2019/07/19/ext...-farmers-already-suffering-from-flooding.html

https://www.cnbc.com/2019/06/16/mid...mers-give-up-on-planting-and-throw-party.html


https://www.reuters.com/article/us-...-u-s-cropland-ravaged-by-floods-idUSKCN1RA2AW

https://www.stlouisfed.org/on-the-economy/2019/june/crop-prices-flooding-2019-repeat-1993

https://www.accuweather.com/en/weat...ubstantial-2019-crop-yield-shortfall/70008508

https://www.npr.org/2019/05/21/7254...-in-march-continue-to-affect-the-farm-economy

http://www.insideindianabusiness.co...eport-shows-decline-in-crop-yield-projections

 

So there are a few factors. Flooding will affect the planting start time and if floods hang in or are late into spring the planting window gets closed.
Extreme heat can crash he crops and affect the yield. Bad year in Flat Rock!

 

One of the links I posted shows the areas most affected and its centered around Wisconsin.

Fortunately we have a robust agricultural sector-the best in the world and we can handle 1 or 2 bad years.

My family only got limited planting in and lost some cattle.

 

They got late snow and late floods. All they needed was fires and earthquakes and their day would made. So the bailout saves them temporarily.

 

For specific farmers it is more than background noise. If their crop hail insurance saves them they may survive until next year.

 

So you are from farm folks. Good to know your opinion means something on farming Inwould expect.

 

So the surging family farms are combining and growing in size? Yet they are not likely to reach the size of Con Agra or other corporate farms whose CEO never planted a daily much less wheat, soy, sorghum, corn whatever. Right? In your opinion / experience are th,e big "family" owned farms going to single crop?

 

The Russians infiltrated the GOP and did what they could to interfere with American elections.

They and the GOP will be smashed flat every time they try it this time.

Get ready for your terrible defeat ahead, and Hillary is no more where around.

 

Yes, most consolidation is from death and retirement here but the occasional bankruptcy as well. Companies like Con Agra are mostly processors and marketers of consumer goods. As far as I know most corporations invested in farm land are just that—investment companies.

That’s not to say that large processing companies aren’t a problem. They just aren’t moving into total vertical integration at this point. If land prices were to crash like in the early ‘80’s they might. They would be the ones with cash to invest.

Locally, most land not owned by family operations is owned by an MD or attorney in or out of state that bought the land as a long term investment. The local family farmers rent/lease the ground from the investors and do all the daily operations. I’ve rented from an investor in the past and it worked out OK. Usually a local real estate agent acts as the “property manager” so you really don’t deal directly with the owner.

No, I don’t know of any large operations that are moving to less diversification around here. In fact, most of the big guys are building hog barns now to capitalize on the looming profit spike in that sector. Historically we are corn, soybeans, alfalfa and beef cattle. With hogs here and there. Seems to be stable at this point. If prices remain low on commodities more ground will go back to grazing/forage instead of corn/beans but not enough to really affect anything long term.

 

Yes it can be very “local”. I had a neighbor just south of me hailed almost completely out while my crops were barely damaged. Just as you say, their insurance will allow them to roll the dice again next spring.

 

GET OVER IT DEMS, your queen Hillary lost!!! She was a bad candidate and a bad campaigner. Putin had nothing to do with it!! You guys are just gasping at straws on why you lost a rigged election that was supposed to be in favor of Hillary. No one and I mean NO ONE will vote for a candidate who calls half of Americans "deplorables"

 

Remember when Trump needled Marco Rubio with the "Lttle Marco" nickname the entire night before? Not ONE THING was said in rebuttal to the several good points Rubio made, just "little Marco, little Marco" over and over. Rubio brought up Trump's small hands the next day AFTER the debate was over. I doubt ANYONE thought Trump was ******* enough to rise to such obvious bait the way he did and certainly nobody expected his followers to act as if it was a real insult, but then again NOTHING surprises anybody about Trump OR his base, back then or now.

Trump is a name calling jerk who would be disqualified and probably suspended if he was on a Middle School debating club. When he called Hillary a "nasty woman" you could almost hear the "uppity bitch" he really wanted to say

 

A, Its not half, it's a good deal less, they're loud but far from numerous
B. She called them what they ARE. Hell, they've turned out to be WORSE.
C. 65 million people did, 3 million more than voted for Putin's Puppet, the Orange Traitor
D. You Pubs will have a lot longer to get over it after 2020, like maybe forever. I doubt that anyone will vote for you guys ever again after what you've shown us of what you really have in store for us these last 4 years.

 

wJen you can’t go crops too can’t sell crops and those go broke