- Thread starter hadley
- Start date
Yep. I would want concrete analysis with definite verifiable data. Having said that it would not surprise me if true. Been a tough past couple of years for grain guys and
the bounce in the milk market came too late for many. Going to be a late fall pulling crops out so there will be more expense in drying.
the bounce in the milk market came too late for many. Going to be a late fall pulling crops out so there will be more expense in drying.
1948CaseVAI
Well-known Member
People who trust that source are the enemies of America.
timcasbolt
Well-known Member
Nobody should trust any one source. If you want to know the truth, you have to do your own research.
M-MAN
Well-known Member
- Location
- Bostic, NC
Here we go again. Poof!
The farm economy often goes opposite of the east and west coast economies.
We had it pretty good when the rest of the country was in a bad way.
A strong USA dollar makes it hard to export, and that is what the east and west coast want is a strong dollar.
Add in the weather and the political stuff and the changing times down on the farm, and it wouldn?t be surprising if things are tough on those that over extended in the
good times.
Paul
We had it pretty good when the rest of the country was in a bad way.
A strong USA dollar makes it hard to export, and that is what the east and west coast want is a strong dollar.
Add in the weather and the political stuff and the changing times down on the farm, and it wouldn?t be surprising if things are tough on those that over extended in the
good times.
Paul
john in la
Well-known Member
Define bankrupt.
Were they run out by a BTO that replaced 10
farmers with 1000 acres with his 10,000 acres.
Were they run out by trying to sell a over produced
product.
Were they run out by poor management.
Were they restructuring to get out of paying
creditors and will be back next year under a
different name.
Or did they just fall on bad times.
Were they run out by a BTO that replaced 10
farmers with 1000 acres with his 10,000 acres.
Were they run out by trying to sell a over produced
product.
Were they run out by poor management.
Were they restructuring to get out of paying
creditors and will be back next year under a
different name.
Or did they just fall on bad times.
Case Nutty 1660
Well-known Member
Zero filing here, weather has wiped out my grain crops for two years now before it was ready to harvest has nothing to do with any one or the tariff's that have been upside down since at least WWII, I do not farm on borrowed money though either
MarkB_MI
Well-known Member
- Location
- Motown USA
> People who trust that source are the enemies of America.
Are you saying HuffPo misquoted or misrepresented the original Farm Bureau release? If so, you should be able to produce a couple of specific examples.
Are you saying HuffPo misquoted or misrepresented the original Farm Bureau release? If so, you should be able to produce a couple of specific examples.
a lot of land and farms changing in my area, some is financial but for the most parts its generation change out a lot of 85 plus owners in my area , so a lot of estate sales younger most do not want or have no interest and they have there own lives going on so it put up for sale.
MarkB_MI
Well-known Member
- Location
- Motown USA
> Define bankrupt.
Farm Bureau limited their report to Chapter 12 bankruptcies. Chapter 12 is basically Chapter 13 for farmers, so we're talking restructuring rather than liquidation.
It would be interesting to see numbers on agricultural Chapter 7 bankruptcies. But Chapter 12 is probably the canary in the coal mine; if Chapter 12s are up, it stands to reason that Chapter 7 bankruptcies will soon rise as well.
Farm Bureau limited their report to Chapter 12 bankruptcies. Chapter 12 is basically Chapter 13 for farmers, so we're talking restructuring rather than liquidation.
It would be interesting to see numbers on agricultural Chapter 7 bankruptcies. But Chapter 12 is probably the canary in the coal mine; if Chapter 12s are up, it stands to reason that Chapter 7 bankruptcies will soon rise as well.
Blueford4000
Member
The Farm Bureau reports that last year there were an average of 12 Chapter Twelve bankruptcies per state. A 24% increase to that would put the number at 15 per state this year. This is consistent with what I have read elsewhere, so I believe it to be true. The Farm Bureau is an advocacy group, but they are not in the habit of lying. So While it is an increase, 15 farms per state does not seem to me to be a big number compared to the number of farmers in each state.
Chapter 12 is what farmers below 4.5 million in value file, vs chapter 11 for those above that.
Certainly farm debt has increased, but I don t know those numbers, but have read that. That would a much larger number of farmers.
Blueford4000
Member
I don t know if you are calling me a liar or Farm Bureau....but those are their numbers, not mine.
Crazy Horse
Well-known Member
Bluford ..... remember that YT'ers have their minds made up on most topics before reading the information ...... and if it is not to their
liking, it falls into the fake news category. A simple mindset but it seems to work for a lot of us ..... ha !!!
liking, it falls into the fake news category. A simple mindset but it seems to work for a lot of us ..... ha !!!
Blueford4000
Member
Thanks. Arguing with a farmer is like wrestling with a pig in the mud, eventually you realize he s enjoying it.
My dad used to have pigs, too.
Blueford4000
Member
Thanks. Arguing with a farmer is like wrestling with a pig in the mud, eventually you realize he s enjoying it.
My dad used to have pigs, too.
Vicinalvictor
Well-known Member
It wasn't that long ago in South America we heard how they are burning up the rain forests to clear land for farming. I think
most of it had to do with China and the United States trying to work out a deal for corn and beans, etc. It just goes
to show how much the world is watching, and up for the challenge to do business with China. No doubt, tough times for the American Farmer.
most of it had to do with China and the United States trying to work out a deal for corn and beans, etc. It just goes
to show how much the world is watching, and up for the challenge to do business with China. No doubt, tough times for the American Farmer.
Traditional Farmer
Well-known Member
- Location
- Virginia
Bankruptcies are a natural thing in any mature industry as the more efficient and better mangers push out the lesser doers,farming isn't immune from laws of economics.
Goose
Well-known Member
I can comment on farmers because I was one, myself, once.
I've always wondered if farmers understand the law of supply and demand. Corn prices are down because of an over supply on the market. So, they plant every square foot into corn to have more bushels to sell to increase income, putting more downward pressure on prices. Have they ever considered alternative crops instead?
What I'm getting at is, when I was in high school in the early 1950's I worked for a neighboring farmer, "Spike", for a couple of summers. He was early 30's, third generation on that farm, had been to college and got a degree in some area of agri-business, and looked at farming with a slightly different perspective than the older neighbors.
Spike began growing soybeans at a time when it was unheard of to grow soybeans in Nebraska. Still raised corn and wheat, but every year he had a respectable field of soybeans. The older, traditional neighbors laughed at him and said he was crazy for growing soybeans. Yet when these same neighbors complained about not making enough money off of corn and wheat, Spike had a stabilizing source of income from (tah-dah) his soybeans.
So, I've often wondered why today's farmers don't look at alternative crops. Milo was big here in Nebraska 30-50 years ago, but you don't see it much anymore. One thing about milo, if you had a dry spell in the summer when corn would have been done for, milo would go dormant and then when the rains came it would wake back up and continue developing where it left off.
BTW, several years later, Spike said to hell with farming, went back to school, and studied to become a mortician. He spent the rest of his life as a partner in a mortuary. Took him a while to get rid of the nickname "Spike".
I've always wondered if farmers understand the law of supply and demand. Corn prices are down because of an over supply on the market. So, they plant every square foot into corn to have more bushels to sell to increase income, putting more downward pressure on prices. Have they ever considered alternative crops instead?
What I'm getting at is, when I was in high school in the early 1950's I worked for a neighboring farmer, "Spike", for a couple of summers. He was early 30's, third generation on that farm, had been to college and got a degree in some area of agri-business, and looked at farming with a slightly different perspective than the older neighbors.
Spike began growing soybeans at a time when it was unheard of to grow soybeans in Nebraska. Still raised corn and wheat, but every year he had a respectable field of soybeans. The older, traditional neighbors laughed at him and said he was crazy for growing soybeans. Yet when these same neighbors complained about not making enough money off of corn and wheat, Spike had a stabilizing source of income from (tah-dah) his soybeans.
So, I've often wondered why today's farmers don't look at alternative crops. Milo was big here in Nebraska 30-50 years ago, but you don't see it much anymore. One thing about milo, if you had a dry spell in the summer when corn would have been done for, milo would go dormant and then when the rains came it would wake back up and continue developing where it left off.
BTW, several years later, Spike said to hell with farming, went back to school, and studied to become a mortician. He spent the rest of his life as a partner in a mortuary. Took him a while to get rid of the nickname "Spike".
I know a lot of guys here who do corn, beans and wheat. That's it. And as little wheat as possible too. Really astounding to drive 180 or so miles and only see corn, beans, wheat and maybe so hay ground if the guy has livestock. And suggest to these guys that they should look at other crops and they get their backs up.
Rick
Rick
Being a fellow Nebraskan I couldn?t agree with u more Goose!! Here in Northeast Nebraska it?s probably 95% corn and Soybeans!!! Even the road ditches keep getting narrower every year!!! They used to plant small grain or alfalfa in the corners (95% irrigated by circle systems) but not anymore!!! Every tillable acre is corn or soybeans!!!
Traditional Farmer
Well-known Member
- Location
- Virginia
That is about like saying a hog farmer is diversified because he raises 3 different breeds of hogs.
Traditional Farmer
Well-known Member
- Location
- Virginia
A lot of farmers have bought into the non sense about Planting Fence Row to Fence Row,Feed the World etc believe there is an unlimited market for their crops and there is an unlimited market.The problem is many of the folks that make up the unlimited market can't come close to paying enough for the farm product for the growers to break even much less make a profit and the really needy have no means to pay anything.And on top of that go into the high end supermarkets like Whole Foods,Traders Joes,Wegmans etc and what is blasted all over the store? Organic,NON GMO,No Hormones ETC so there goes the big money market for most grain producers in the USA.They're left begging the Chinese to buy their grain to feed their slave labor, gulag inmates and military.
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