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Posted: 8/10/2019 8:07:49 AM EST
[#1]
Idt so but I have no knowledge of farming
But with the bailouts how can they be hurting? Plus I’m sure they send those crops to another country to then send to China tariff free like the Chinese do when they dump their steel into this country |
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Posted: 8/10/2019 8:15:39 AM EST
[#2]
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In your area, where land price/value is concerned, is increased directly by high numbers of folks buying 20-50 acre “ranches” to hunt on weekend? That’s whats going on around us. Bank says it’s worth 2-3k. Market from out of towers say 5-7k . Makes it pretty difficult to add on to your place Land that is rented ranges in the 75-250$ an acre range. A lot of landlords around here want 1/4 of the crop. On my cotton yeilds that would be somewhere north of 200$/ac |
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Posted: 8/10/2019 9:12:45 AM EST
[#3]
The big farmers make their money from gov handouts in bad years, and a fortune off grain in good years. Farmers are the worst businessmen in the country imo. why pay that much for land when it won't cash flow for you?
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Posted: 8/10/2019 9:34:30 AM EST
[#4]
Back home in Indiana it's the few farming families who happen to own the land around the growing cities/suburbs who became millionaires in short order. When only a few people control the supply of land for development in a growing area the value of that land is high.
Lots of small family farms sold out to bigger corporate affairs that employ farmers to travel around to work all the different land they've bought. The employed farmers can travel many hours radius from their home so some of the companies have a large region for their operations. Those farmers tend to make a good steady paycheck and dont have to worry as much about boom and bust, a lot of new farmers who went to school for AG science start off this way. |
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Posted: 8/10/2019 9:47:13 AM EST
[#5]
Well I am in the land of Sugar down here.
It's full of Farmers driving brand new platinum F250/350s and land owners fucking around all day collecting their sugar checks. 
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Posted: 8/10/2019 10:09:08 AM EST
[#6]
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Add in oil and gas money and the list is complete The original post question is really kinda silly, farmers are like any other business group, some of us do well, some of us struggle. We do like to complain though. It's a self protection thing, if you convince yourself it's going to be a bad year, and it is, well "see I told you so". If it's a good year then you're pleasantly surprised.  Quote HistoryQuoted:
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You guys talking about 1200 cow dairy operations being a big operation need to get out more...lol..... There's guys that have more fucking hospital cows than that.... 
The guys that look rich to you all are either balls deep in debt, 3rd, 4th, 5th generation in, sold property that became Urban development once upon a time, or a combination of any of those. I personally witnessed an investment group stepping off of a bus once upon a time at a dairy farm. Not Banks, just other people involved. Gets extra sporty when there's multiple Banks involved in the same operating note. I can't believe I have to explain this to most of you guys. It's all on credit, you guys that think it's actually all paid for simply dreaming. That's got to be like .87% of the farming population. The original post question is really kinda silly, farmers are like any other business group, some of us do well, some of us struggle. We do like to complain though. It's a self protection thing, if you convince yourself it's going to be a bad year, and it is, well "see I told you so". If it's a good year then you're pleasantly surprised. |
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Posted: 8/10/2019 10:14:29 AM EST
[#7]
I know several farmers. Most a multi-generational. Some of my friends are doing very well. Others are crop by crop. From what I can tell it all depends on your customer.
Among my friends, the more successful ones tend to get lower price but sell everything to the corporations. It's steady. The ones that struggle try to connect more with the local restaurants and farmer's markets. They have no real steady buyers as restaurants come and go and individual shoppers aren't consistent on a number of factors such as weather, local events, general economy, tourists season, etc... Ironically the one that does the absolute best doesn't even really farm for profit. He runs a ranch where he has crops on a small part his land and horse/cattle on the much larger side. Tourists pay him to play farmer for a day and pick the crops. On the other side he does horse riding lessons, boarding horses, a small cattle drive with the horses moving the cattle from one end to another and eventually sells a few heads. I went to college with him and he knows nothing about farming. He used his MBA and Accounting/Finance to run the place by numbers, leaving the operations to his foremen. I guess it's not truly a farm but he figured if the price of X was Y but he could get people to pay X+ for them to pick Y then he was getting a premium plus saving labor. In addition he's sitting on valuable land that he has been approached by developers several times. |
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Posted: 8/10/2019 10:15:19 AM EST
[#8]
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3% profit is horrible no matter what business you're in. Quote HistoryQuoted:
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A lot of 200 head or less do. Especially in this market. Beans are down, weather SUCKS, and beef is down. Before the gas industry arrived and started paying gas lease money to the farmers, most dairy farmers around here were looking at having to give up farming. I don't know how the dairy farmers in NY are managing tp hold on. They're saddled with the same price controls that keep them operating at poverty levels and Emperor Cuomo won't let the gas industry work in NY. The only money all these guys ever made was from the appreciation in their real estate, which gets used like a worn out ATM machine.....but that's another discussion entirely. It's way more catchy to say that they're evil corporations and it's easier to hate on them, that new Denali with the new wake board boat/bike trailer at the track like some complain about in this thread, all bought and paid for with that dirty subsidized milk money......ammirite?
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Posted: 8/10/2019 10:17:37 AM EST
[#9]
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All the farmers and ranchers in my family were poor. Ran old equipment till it died. Same with vehicles. All had gardens and animals to eat. Took them a long long time to build up.
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Posted: 8/10/2019 10:23:49 AM EST
[#10]
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We found a milk check stub from the mid 80s in my grandpa’s desk after he died. Milk is only about $0.80/100 wt more today than it was then. Pretty easy to do the math on that one. All the big creameries killed their grandfather clauses this year too. You can buy the dairy and the cows, but you're on your own since there's no promises on them buying the milk...... Empty dairys everywhere here, yet newer and insanely bigger ones that are in the millions of pounds per day category keep getting built. 
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Posted: 8/10/2019 10:49:26 AM EST
[#11]
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The big farmers make their money from gov handouts in bad years, and a fortune off grain in good years. Farmers are the worst businessmen in the country imo. why pay that much for land when it won't cash flow for you? I think you all are misinformed on how crop subsidies actually work. It's not an unlimited amount of money guys. It's certainly not the reason some of these guys look rich to some of you either. CRP usually pays very well, when and where it's available. But actual grain subsidy is peanuts in the grand scheme of things. Biggest corn subsidies check I ever got was $2,000..... Which covered about half of my herbicide bill on a piddly amount of acreage..... MILC (milk income loss contract) doesn't even exist anymore. (Means no more direct payments dependent on various economic factors). MPP (margin protection program) is what's been in place for years now. It's just an insurance program, where premiums get paid in. And it's a joke too and laughably insignificant. I'm of the mind to ban all subsidies. It just distorts markets. I also wished that milk was just milk. That's it. Non of this cheese, pool, or Class 1-4 a/b x87 correction factor horseshit..... I understand the reasons why, but that doesn't make it any less retarded. But it really depends on who you are. From a consumer standpoint it's great! Milk is cheaper to buy than water or gasoline usually......and if you compare food costs around the world, we still have some of the cheapest food there is. So there you have it folks, hate to subsidies all you want, but it's a mechanism to create artificially low food price. If people aren't hungry, they can be productive and will spend less time trying to figure out how to overthrow a government Don't believe me? Refer to Venezuela, or any other time in history. More than you all ever wanted to fucking know or care about the subject.... Weak rant off.... |
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Posted: 8/10/2019 10:51:39 AM EST
[#12]
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Well I am in the land of Sugar down here. It's full of Farmers driving brand new platinum F250/350s and land owners fucking around all day collecting their sugar checks.
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Posted: 8/10/2019 11:15:11 AM EST
[#13]
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Sugar is one of the most supply controlled crops. Why? The rest of the world is so much cheaper to make it is silly. Chalk it up to strategic strategies. Quote HistoryQuoted:
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Well I am in the land of Sugar down here. It's full of Farmers driving brand new platinum F250/350s and land owners fucking around all day collecting their sugar checks. So all that money spent just to keep these folks employed It is important to note that the sugar industry is vital to Louisiana’s economy – with an annual economic impact of $2 billion to cane growers and raw sugar factories, while also generating an overall economic value of $3 billion. Sugarcane is produced on more than 400,000 acres of land in 22 Louisiana parishes – with production of approximately 13 million tons of cane yearly. About 17,000 employees are involved in the production and processing of sugarcane in Louisiana – and the state boasts 11 raw sugar factories. Suffice to say that sugarcane production and processing is a major part of Louisiana’s economy and a treasured way of life for hundreds of farming families in our state. 1% of our GDP is sugar cane farming. but it's soooooooooo vital to out economy..
Crony capitalism at it's finest. They tear up the roads, make people sick when it's harvest and burn time, and spray god knows what all around the crops neighboring subdivisions. |
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Posted: 8/10/2019 11:31:01 AM EST
[#14]
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@IamMunneY how do you determine how much of a given crop to plant each year? My crop loan is based upon what my crop insurance will guarantee. So, with the 2000ish acres I farm, it starts off with a pencil to see what will generate the most money so that I can properly cashflow and live all year long. From there its basic math. Corn, soybeans, rice don't work for me. My operation consist of just myself and my dad. Some other family members help when we are planting or harvesting if they can. LABOR IS A PROBLEM. Everyone thinks they are worth 1000 a week and they arent. Even if they were I'd never be able to afford it, they would make more than I do. This year I went 100% cotton because it was the only thing that worked on paper and would allow me to live. I lost 25% off my gross last year, and even after insurance, the "bailouts" and normal subsidies, I lost over 100,000. If not for the insurance it would have been far worse. Same story this year. All was looking good until 45 got in a bigger pissing match with China. |
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Posted: 8/10/2019 11:33:04 AM EST
[#15]
Quote HistoryQuoted:
Its not really that simple. My crop loan is based upon what my crop insurance will guarantee. So, with the 2000ish acres I farm, it starts off with a pencil to see what will generate the most money so that I can properly cashflow and live all year long. From there its basic math. Corn, soybeans, rice don't work for me. My operation consist of just myself and my dad. Some other family members help when we are planting or harvesting if they can. LABOR IS A PROBLEM. Everyone thinks they are worth 1000 a week and they arent. Even if they were I'd never be able to afford it, they would make more than I do. This year I went 100% cotton because it was the only thing that worked on paper and would allow me to live. I lost 25% off my gross last year, and even after insurance, the "bailouts" and normal subsidies, I lost over 100,000. If not for the insurance it would have been far worse. Same story this year. All was looking good until 45 got in a bigger pissing match with China. Quote HistoryQuoted:
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@IamMunneY how do you determine how much of a given crop to plant each year? My crop loan is based upon what my crop insurance will guarantee. So, with the 2000ish acres I farm, it starts off with a pencil to see what will generate the most money so that I can properly cashflow and live all year long. From there its basic math. Corn, soybeans, rice don't work for me. My operation consist of just myself and my dad. Some other family members help when we are planting or harvesting if they can. LABOR IS A PROBLEM. Everyone thinks they are worth 1000 a week and they arent. Even if they were I'd never be able to afford it, they would make more than I do. This year I went 100% cotton because it was the only thing that worked on paper and would allow me to live. I lost 25% off my gross last year, and even after insurance, the "bailouts" and normal subsidies, I lost over 100,000. If not for the insurance it would have been far worse. Same story this year. All was looking good until 45 got in a bigger pissing match with China. Why are you spending all that time and energy farming to make less than $52,000 a year. You could sell cars, have a full benefits and make more than that. This is why Farm Math = Casino Math. |
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Posted: 8/10/2019 11:37:47 AM EST
[#16]
Quote HistoryQuoted: Sugar is one of the most supply controlled crops. Why? The rest of the world is so much cheaper to make it is silly. Chalk it up to strategic strategies. You are right in that the supply to the US is controlled. Still, we let 36 countries import into the US market. The sugar program attempts to keep a floor price somewhere around the cost of production. Sugar is dirt-cheap in the store. |
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Posted: 8/10/2019 11:44:25 AM EST
[#17]
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Farm credit and rabo bank must not be up in AK Quote HistoryQuoted:
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All the farmers and ranchers in my family were poor. Ran old equipment till it died. Same with vehicles. All had gardens and animals to eat. Took them a long long time to build up. |
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Posted: 8/10/2019 11:45:06 AM EST
[#18]
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That's $52,000 a year. Why are you spending all that time and energy farming to make less than $52,000 a year. You could sell cars, have a full benefits and make more than that. This is why Farm Math = Casino Math. Quote HistoryQuoted:
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@IamMunneY how do you determine how much of a given crop to plant each year? My crop loan is based upon what my crop insurance will guarantee. So, with the 2000ish acres I farm, it starts off with a pencil to see what will generate the most money so that I can properly cashflow and live all year long. From there its basic math. Corn, soybeans, rice don't work for me. My operation consist of just myself and my dad. Some other family members help when we are planting or harvesting if they can. LABOR IS A PROBLEM. Everyone thinks they are worth 1000 a week and they arent. Even if they were I'd never be able to afford it, they would make more than I do. This year I went 100% cotton because it was the only thing that worked on paper and would allow me to live. I lost 25% off my gross last year, and even after insurance, the "bailouts" and normal subsidies, I lost over 100,000. If not for the insurance it would have been far worse. Same story this year. All was looking good until 45 got in a bigger pissing match with China. Why are you spending all that time and energy farming to make less than $52,000 a year. You could sell cars, have a full benefits and make more than that. This is why Farm Math = Casino Math. I don’t have to ask people permission to hunt, I can shoot whenever I want, I get to be outdoors all the time, I very rarely have to interact with liberals, etc. |
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Posted: 8/10/2019 12:01:29 PM EST
[#19]
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I can’t speak for him, but I farm because I love doing it, all my friends do it, and it allows me to live the lifestyle I want. I don’t have to ask people permission to hunt, I can shoot whenever I want, I get to be outdoors all the time, I very rarely have to interact with liberals, etc. Quote HistoryQuoted:
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@IamMunneY how do you determine how much of a given crop to plant each year? My crop loan is based upon what my crop insurance will guarantee. So, with the 2000ish acres I farm, it starts off with a pencil to see what will generate the most money so that I can properly cashflow and live all year long. From there its basic math. Corn, soybeans, rice don't work for me. My operation consist of just myself and my dad. Some other family members help when we are planting or harvesting if they can. LABOR IS A PROBLEM. Everyone thinks they are worth 1000 a week and they arent. Even if they were I'd never be able to afford it, they would make more than I do. This year I went 100% cotton because it was the only thing that worked on paper and would allow me to live. I lost 25% off my gross last year, and even after insurance, the "bailouts" and normal subsidies, I lost over 100,000. If not for the insurance it would have been far worse. Same story this year. All was looking good until 45 got in a bigger pissing match with China. Why are you spending all that time and energy farming to make less than $52,000 a year. You could sell cars, have a full benefits and make more than that. This is why Farm Math = Casino Math. I don’t have to ask people permission to hunt, I can shoot whenever I want, I get to be outdoors all the time, I very rarely have to interact with liberals, etc. |
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Posted: 8/10/2019 12:04:16 PM EST
[#20]
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None that I know "struggle". They all seem to make major bank. Most are millionaires, and if they aren't millionaires now, they can easily sell their land and become one.[/color] A struggling farmer seems to be quite the myth. $500,000 equipment scattered throughout, and usually paid for, does not define "struggle". Hard work, ABSOLUTELY. Struggle? hell no.
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Posted: 8/10/2019 12:07:21 PM EST
[#21]
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LOL You don’t “tax dodge” with a $70k truck when you’re losing $30k a year and going broke. That’s not how it works. I’m in to car stuff more than guns; race cars, hot rods, collector cars, exotics, etc. These poor farmers with no money sure like to spend a shit load of cash money in that sector. And I’m not talking thousands of acres or thousands of head of cattle. Quote HistoryQuoted:
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Those that are bitching about the new trucks and equipment don't realize that it's mostly a tax dodge. The Government gives farmers so many years to take a loss or depreciate assets associated with farming. That is why you see so many luxury trucks and what not. The Government rules don't dictate that you must drive a bare bones work truck, just that you drive a truck that "could" be used on a farm. Same with the equipment, sure you see bright shiny equipment but you don't see the debt stacked up behind it. I relate it to those people that always have a new car but never a paid off car. There is a lot of hidden debt and if subsidies or credit dried up a world of hurt would happen for just about everyone. You don’t “tax dodge” with a $70k truck when you’re losing $30k a year and going broke. That’s not how it works. I’m in to car stuff more than guns; race cars, hot rods, collector cars, exotics, etc. These poor farmers with no money sure like to spend a shit load of cash money in that sector. And I’m not talking thousands of acres or thousands of head of cattle. |
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Posted: 8/10/2019 12:12:19 PM EST
[#22]
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Corn and soybean (poverty peas) farmer here and recovering the six figure upfront investment to put the crop in the ground dosen't look promising this year. Losing money on every acre isn't fun. The USSRDA is not our friend. 
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Posted: 8/10/2019 12:13:34 PM EST
[#23]
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Farming is hard work with zero safety net should you get injured. It takes a lot of money to operate a farm and most farmers live on borrowed money, paying back what they owe as they earn it. our farmers are truly under paid and under appreciated. if those who farmed didn't farm we wouldn't eat. anyone who's been around farming knows it's a full time job with long hours and no benefits. there's a great sense of accomplishment when the seasons are good you see and reap from your efforts. When times on a farm get tough they can be very tough. sure things slow down in the winter months but animals need feeding and equipment needs servicing. on a farm there's always something needing to be done. for those of you who farm, THANK YOU!!! |
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Posted: 8/10/2019 12:20:07 PM EST
[#24]
Both sides of my family are farmers. They have been farmers since man decided to quit walking the earth randomly. Both sides have farms that have been worked by the family for well over 100 years. My granddaddy would tell me stories of clearing land all winter after the crops were in. My family still works on drainage and clears land to this day. I think the reason why my family has been able to do well in the business is that quite a bit of the land was cleared and paid for back several decades ago. They still rent some, but the price of tillable acreage is nuts now. My granddaddy said they aren't making more land, so he heavily invested in it. They farm a combined 9k acres. The price of equipment is also ridiculous. I got to ride on a 600k cotton picker that tosses round bales out the back. You have to run through a lot of acres of cotton to pay for that. I would have an ulcer over worrying all the time about the finances. My uncle told be about having to take a loan to pay his income tax one year. That settled it for me. I never went to work on the farm. Some of my families' farm acreage have been planted three times and flooded out every time this year due to all the rain. I couldn't imagine trying to get into farming now with all the cost associated with a start up along with all the uncertainty in the agricultural markets.
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Posted: 8/10/2019 12:23:03 PM EST
[#25]
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I can't speak for him, but I farm because I love doing it, all my friends do it, and it allows me to live the lifestyle I want. I don't have to ask people permission to hunt, I can shoot whenever I want, I get to be outdoors all the time, I very rarely have to interact with liberals, etc. IF IT SUCKS SO BAD, WALK AWAY AND DO SOMETHING ELSE WITH YOUR LIFE. Farmers, the woe-is-me liberal cunts of the "conservative" party. |
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Posted: 8/10/2019 12:34:54 PM EST
[#26]
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That's fine. But when a farmer does it willingly because of those reasons, then turns around to complain how bad it is, he can choke onna bag of cocks. You don't get to choose to be miserable then complain about it as if it is some huge struggle. This is where most farmers are. IF IT SUCKS SO BAD, WALK AWAY AND DO SOMETHING ELSE WITH YOUR LIFE. Farmers, the woe-is-me liberal cunts of the "conservative" party. Just imagine doing your job and then one day, with stuff out of your control, someone decided you were gonna make 25% gross less a year. You also need to realize, that 99% of farmers have done nothing but farm their entire lives. They've worked for themselves and don't know how to do anything else. |
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Posted: 8/10/2019 12:46:05 PM EST
[#27]
Quote HistoryQuoted: How much of your personal vehicle expense is a direct work equipment tax write off against your income? I usually take 100% on pickups and nothing on cars. That's fair I believe even though there is some crossover on both. |
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Posted: 8/10/2019 12:50:54 PM EST
[#28]
Quote HistoryQuoted: https://media.makeameme.org/created/its-all-part-1mmcsu.jpg I bet ADM has a few politicians in their pocket. The small family farm...who is their lobby group? |
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Posted: 8/10/2019 12:53:57 PM EST
[#29]
Quote HistoryQuoted:
That's fine. But when a farmer does it willingly because of those reasons, then turns around to complain how bad it is, he can choke onna bag of cocks. You don't get to choose to be miserable then complain about it as if it is some huge struggle. This is where most farmers are. IF IT SUCKS SO BAD, WALK AWAY AND DO SOMETHING ELSE WITH YOUR LIFE. Farmers, the woe-is-me liberal cunts of the "conservative" party. Quote HistoryQuoted:
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I can't speak for him, but I farm because I love doing it, all my friends do it, and it allows me to live the lifestyle I want. I don't have to ask people permission to hunt, I can shoot whenever I want, I get to be outdoors all the time, I very rarely have to interact with liberals, etc. IF IT SUCKS SO BAD, WALK AWAY AND DO SOMETHING ELSE WITH YOUR LIFE. Farmers, the woe-is-me liberal cunts of the "conservative" party. |
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Posted: 8/10/2019 12:57:50 PM EST
[#30]
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LOL, what, all six of them? Hahaha......shit. Fun fact for those of you who don't know is 7 operations control 75% of the potatoes in this state..... Quote HistoryQuoted:
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The few Farmers I've known didn't seem to struggle at all. Large potato farm in Idaho. Fun fact for those of you who don't know is 7 operations control 75% of the potatoes in this state..... I'm not begrudging them in any way. They make good money, good for them. Plus they were pretty cool people. |
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Posted: 8/10/2019 1:06:52 PM EST
[#31]
As others have said there are some perks besides an income. No one on this earth tells me what to do (can be said after you get shut of the bank).
I have my own range to 1000y next to the yard. The winters are pretty much my own even though I have cattle. They are out on the beet tops all winter and just have to be checked for chokes. Both my kids learned how to work hard at a young age. I get to keep horses to haul elk out of the mountains (and chase cows). Even though we lived poorer than most of my contemporaries, I now have more assets than I could ever spend. It could be worse. |
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Posted: 8/10/2019 1:09:59 PM EST
[#32]
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Those that are bitching about the new trucks and equipment don't realize that it's mostly a tax dodge. The Government gives farmers so many years to take a loss or depreciate assets associated with farming. That is why you see so many luxury trucks and what not. The Government rules don't dictate that you must drive a bare bones work truck, just that you drive a truck that "could" be used on a farm. Same with the equipment, sure you see bright shiny equipment but you don't see the debt stacked up behind it. I relate it to those people that always have a new car but never a paid off car. There is a lot of hidden debt and if subsidies or credit dried up a world of hurt would happen for just about everyone. |
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Posted: 8/10/2019 1:10:18 PM EST
[#33]
Farmers don't get to set the price of their product like most other businesses enjoy.
The USSRDA is not our friend. |
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Posted: 8/10/2019 1:11:33 PM EST
[#34]
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You are a dipshit. I do it because I love it and because I'm good at it. I have the potential to make more money if the current climate was not retarded. I've worked in IT in corporate america and in retail. I'd rather get punched in the nuts than have to go back to that crap. Just imagine doing your job and then one day, with stuff out of your control, someone decided you were gonna make 25% gross less a year. You also need to realize, that 99% of farmers have done nothing but farm their entire lives. They've worked for themselves and don't know how to do anything else. Quote HistoryQuoted:
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That's fine. But when a farmer does it willingly because of those reasons, then turns around to complain how bad it is, he can choke onna bag of cocks. You don't get to choose to be miserable then complain about it as if it is some huge struggle. This is where most farmers are. IF IT SUCKS SO BAD, WALK AWAY AND DO SOMETHING ELSE WITH YOUR LIFE. Farmers, the woe-is-me liberal cunts of the "conservative" party. Just imagine doing your job and then one day, with stuff out of your control, someone decided you were gonna make 25% gross less a year. You also need to realize, that 99% of farmers have done nothing but farm their entire lives. They've worked for themselves and don't know how to do anything else. Went from about 200,000 a year this year my business Profits will be abou 30,000 Had to grab a second job to pay for $$$ and benefits My health insurance went from 500 a month to 1800 I worked for myself last 8 years, I learned to work for people again and have a boss I’m not saying it sucks, but you’re not gonna get a potty party from me or the coal miners |
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Posted: 8/10/2019 1:12:45 PM EST
[#35]
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Farmers don't get to set the price of their product like most other businesses enjoy. The USSRDA is not our friend. |
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Posted: 8/10/2019 1:15:19 PM EST
[#36]
What's the outlook for vineyards?
I've been looking at growing one in Texas |
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Posted: 8/10/2019 2:14:11 PM EST
[#37]
The one I know has machinery costing enough to retire on if you had the money he paid for it. His wife drives a Porsche SUV and they live in a very nice house. His acreage is a couple hundred acres in the bottom of hill country.
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Posted: 8/10/2019 2:24:15 PM EST
[#38]
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That's $52,000 a year. Why are you spending all that time and energy farming to make less than $52,000 a year. You could sell cars, have a full benefits and make more than that. This is why Farm Math = Casino Math. Quote HistoryQuoted:
Quoted:
Quoted:
@IamMunneY how do you determine how much of a given crop to plant each year? My crop loan is based upon what my crop insurance will guarantee. So, with the 2000ish acres I farm, it starts off with a pencil to see what will generate the most money so that I can properly cashflow and live all year long. From there its basic math. Corn, soybeans, rice don't work for me. My operation consist of just myself and my dad. Some other family members help when we are planting or harvesting if they can. LABOR IS A PROBLEM. Everyone thinks they are worth 1000 a week and they arent. Even if they were I'd never be able to afford it, they would make more than I do. This year I went 100% cotton because it was the only thing that worked on paper and would allow me to live. I lost 25% off my gross last year, and even after insurance, the "bailouts" and normal subsidies, I lost over 100,000. If not for the insurance it would have been far worse. Same story this year. All was looking good until 45 got in a bigger pissing match with China. Why are you spending all that time and energy farming to make less than $52,000 a year. You could sell cars, have a full benefits and make more than that. This is why Farm Math = Casino Math. If our craptastic money policy ever changes, big if, I know.... But is it ever does it's lights out for AG. The entire AG system crumbles and is nothing but smoldering Ash if land prices return to what they were 15-20 years ago. |
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Posted: 8/10/2019 2:25:36 PM EST
[#39]
I farm, and unlike most that call themselves farmers it is all I do. I turn a profit about 3 years out of 5. I wouldn't say we are anything close to struggling around here but making ends meet is hard, surviving the loses between the wins is hard. Paying down the debt while planning for the future, expanding, all hard.
Maybe I make more than a guy that works hard 40 hours a week and gets a paycheck. Maybe I deserve it. |
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Posted: 8/10/2019 2:25:59 PM EST
[#40]
Quote HistoryQuoted: @mallninjamaster What kind of criminal activity? I understand there's some fraud/shenanigans with a lake place, but that's only $1-2 million. His bankruptcy was filed with $62 million in debt, and about $10 million in assets. So $52 million in hookers and blow? 
ETA: Jacking up land rents isn't a crime, though perhaps it should be  Be was operating a sort of credit pyramid scheme. I do not have first hand knowledge and the rumor mill is always turning in the AG community. They were a massive operation, 10s of thousands of acres. Beats and potatoes and everything else in between. |
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Posted: 8/10/2019 2:30:14 PM EST
[#41]
Quote HistoryQuoted: Happened to me under obama Went from about 200,000 a year this year my business Profits will be abou 30,000 Had to grab a second job to pay for $$$ and benefits My health insurance went from 500 a month to 1800 I worked for myself last 8 years, I learned to work for people again and have a boss I’m not saying it sucks, but you’re not gonna get a potty party from me or the coal miners
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Posted: 8/10/2019 2:34:34 PM EST
[#42]
I have several hundred acres of hills, hollows, and gulleys. It is paid for along with 1 15 year old tractor and one 17 year old four wheeler. I have 20 head of cattle and lease the rest of the farm to my neighbor. I make enough to pay for the taxes and insurance and maybe 2-3k extra. I'm 0% on the gov tit for subsidies.
I have a good paying job with benefits and wouldn't want to imagine being hundreds of thousands in debt worrying about everything. My neighbor who leases the farm is similar. His wife has a good job with benefits and he turns wrenches on the side. I'm hoping to be able to retire early (50) and just expand operations at the farm making about half what I do now and enjoying life a little more.There are some of the King Ranch 350s and new Deeres some speak of in my area. Most didn't make their money farming and are on the gov tit. |
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Posted: 8/10/2019 2:34:53 PM EST
[#43]
Quote HistoryQuoted:
You are a dipshit. I do it because I love it and because I'm good at it. I have the potential to make more money if the current climate was not retarded. I've worked in IT in corporate america and in retail. I'd rather get punched in the nuts than have to go back to that crap. Just imagine doing your job and then one day, with stuff out of your control, someone decided you were gonna make 25% gross less a year. You also need to realize, that 99% of farmers have done nothing but farm their entire lives. They've worked for themselves and don't know how to do anything else. Quote HistoryQuoted:
Quoted:
That's fine. But when a farmer does it willingly because of those reasons, then turns around to complain how bad it is, he can choke onna bag of cocks. You don't get to choose to be miserable then complain about it as if it is some huge struggle. This is where most farmers are. IF IT SUCKS SO BAD, WALK AWAY AND DO SOMETHING ELSE WITH YOUR LIFE. Farmers, the woe-is-me liberal cunts of the "conservative" party. Just imagine doing your job and then one day, with stuff out of your control, someone decided you were gonna make 25% gross less a year. You also need to realize, that 99% of farmers have done nothing but farm their entire lives. They've worked for themselves and don't know how to do anything else. |
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Posted: 8/10/2019 2:44:06 PM EST
[#44]
Open a little store on it and sell jellies, candles, fragrant soap and maybe a few veggies.
Do hayrides in the fall and plant worthless pumpkins and sell them by the pound at better than beef prices. People will pay you to pick the fucking things too. Yeah, they're struggling..... to get out of the giant pile of money they are drowning in. |
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Posted: 8/10/2019 2:56:33 PM EST
[#45]
Quote HistoryQuoted:
He was borrowing money on assets he didn't actually have, mislead his creditors, and made business dealings to cover the shortfall. Be was operating a sort of credit pyramid scheme. I do not have first hand knowledge and the rumor mill is always turning in the AG community. They were a massive operation, 10s of thousands of acres. Beats and potatoes and everything else in between. Quote HistoryQuoted:
Quoted: @mallninjamaster What kind of criminal activity? I understand there's some fraud/shenanigans with a lake place, but that's only $1-2 million. His bankruptcy was filed with $62 million in debt, and about $10 million in assets. So $52 million in hookers and blow?
ETA: Jacking up land rents isn't a crime, though perhaps it should be Be was operating a sort of credit pyramid scheme. I do not have first hand knowledge and the rumor mill is always turning in the AG community. They were a massive operation, 10s of thousands of acres. Beats and potatoes and everything else in between. About $23,000 of McMartin's monthly obligations go to his ex-wife Gail L. Martin, Detroit Lakes, Minn., in a property division settlement from a 2010 divorce. https://www.bemidjipioneer.com/news/4336221-st-thomas-farmer-mcmartin-discloses-financials Now that should be a crime .
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Posted: 8/10/2019 3:00:44 PM EST
[#46]
Quoted:
I was reading a "news" story about how China is going to stop importing US agricultural products, and how already struggling farmers were going to be hurt by it. I grew up in the Central Valley of California, and I remember farmers being pretty damn well off. Do farmers really struggle? Doesn't the government pay them to NOT grow certain foods? You have to have a lot of expensive equipment. It breaks down. Expensive to fix. Have to find laborers. Expensive irrigation. Cost of land to rent. Diesel, fertilizer, insecticides, seed, herbicide, and you must have good weather. I grew up on a farm. I didn’t become a farmer. |
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Posted: 8/10/2019 3:06:01 PM EST
[#47]
Quote HistoryQuoted:
Like gun shops and car dealerships, farmers have convinced the populace that they don't make any money. Oh, right. |
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Posted: 8/10/2019 3:09:20 PM EST
[#48]
Quote HistoryQuoted:
Looks like you and I share similar lots in life....lol Quote HistoryQuoted:
Quoted: Happened to me under obama Went from about 200,000 a year this year my business Profits will be abou 30,000 Had to grab a second job to pay for $$$ and benefits My health insurance went from 500 a month to 1800 I worked for myself last 8 years, I learned to work for people again and have a boss I’m not saying it sucks, but you’re not gonna get a potty party from me or the coal miners |
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Posted: 8/10/2019 3:57:23 PM EST
[#49]
Quote HistoryQuoted:
The Farm Bureau, jesus this isnt a hidden secert. Quote HistoryQuoted:
Quoted: https://media.makeameme.org/created/its-all-part-1mmcsu.jpg I bet ADM has a few politicians in their pocket. The small family farm...who is their lobby group? |
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Posted: 8/10/2019 3:58:19 PM EST
[#50]
Quote HistoryQuoted:
None that I know "struggle". They all seem to make major bank. Most are millionaires, and if they aren't millionaires now, they can easily sell their land and become one. A struggling farmer seems to be quite the myth. $500,000 equipment scattered throughout, and usually paid for, does not define "struggle". Hard work, ABSOLUTELY. Struggle? hell no. |
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