Oh boy....
Hoping to hear GSTs thoughts on this, and any other guys in the business.
I read today that NDFU is going to ask for direct payments in addition to crop insurance to help the hard hit guys survive the year, and especially livestock producers since crop insurance doesn't help them at all. Personally, I am for it, I really don't think we need to go back to the 80s again and any money that makes it into their hands filters it's way through the community. Among other reasons I guess, but I am on my stupid phone at the moment and hate trying to type on it.
Just interested in your thoughts either pro or con.
15 years ago I saw my $3k buffalo calves drop to under $300 but no one was yelling the sky was falling and no gov't help was offered.
Relatives the age of my kids have new toy haulers, deck boats, and new trucks to pull them. How bad is it really? I am happy for them, but are they in trouble? Can't be or they wouldn't be spending the way they do.
Relatives the age of my kids have new toy haulers, deck boats, and new trucks to pull them. How bad is it really? I am happy for them, but are they in trouble? Can't be or they wouldn't be spending the way they do.
Crop prices were terrible last year also.
Trying to avoid taxes during the good years sounds like my cousin purchasing the biggest combine John Deer makes at Christmas. Not much need that time of year, but he said if he didn't buy it then the bast(**&^ds in Washington would get it. He wasn't afraid of paying some taxes he was afraid of paying any taxes.Interesting point on taxes. I think longterm, if agriculture had to abide by accrual accounting, everyone would be in MUCH better shape. Lots of bad decisions were made by producers trying to avoid taxes during the good years, now it is coming back to bite some real bad on a few down years.