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re: Corn farmers as welfare queens
Posted on 1/9/26 at 1:49 pm to weagle1999
Posted on 1/9/26 at 1:49 pm to weagle1999
The headline is odd. It seems like ag isn't really that heavily subsidized...$9.3B of a $6.8T budget is .1368%. Compare that to average households spending 5-10%+ of their monthly incomes on food. What am I missing??
quote:
MN pales in comparison to the farm grift
quote:
In 2024, the government provided $9.3 billion in subsidy payments
quote:
Federal prosecutors estimate that the total amount of
welfare and social services fraud in Minnesota could exceed $9 billion
Posted on 1/9/26 at 2:07 pm to weagle1999
It’s a weird space to be in.. on one hand, they subsidize farmers for the purpose of fuel additives which is a tough sell for me but on the other hand we subsidize for food which is a complicated necessity IMO under the welfare and security functions of the constitution.
Posted on 1/9/26 at 2:07 pm to weagle1999
quote:
FDR’s Farm Act
The exact reason corporate farms have taken over.
Posted on 1/9/26 at 4:13 pm to AllbyMyRelf
If a farmer isn’t hedging with the use of futures and/or options these days they aren’t being wise. On-site storage for corn, milo, etc is a strategy but not a complete marketing plan.
Corn, soybeans, wheat are traded by the contract being 5,000 bushels each. Midwest vs Delta vs Texas productions rates are vastly different but let’s use projected national corn average of 185bu/acre. It only takes 27 acres for on contract at that rate. Half mile pivot on a section of land here in Texas will irrigate around 500 acres so hedging and the use of futures and options is critical.
Corn, soybeans, wheat are traded by the contract being 5,000 bushels each. Midwest vs Delta vs Texas productions rates are vastly different but let’s use projected national corn average of 185bu/acre. It only takes 27 acres for on contract at that rate. Half mile pivot on a section of land here in Texas will irrigate around 500 acres so hedging and the use of futures and options is critical.
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