Posted by paul on April 18, 2008 at 15:03:31 from (66.60.197.194):
In Reply to: LDP progam posted by Dandy Don on April 18, 2008 at 11:40:10:
Currently there is no farm program at all - it is being debated in Congress, has been extended several times over winter to cover the food stamp & other social welfare programs, but not applicable to farmers. Most of the bills Congress is looking at the President says he will veto, and then back to start over, so....
There is nothing out there right now. It expired last crop year.
The old farm bill had 3 seperate programs for grain farmers. The LDP you mention is one of them.
The govt, in it's wisdom, figures out a low-ball grain target price. If grain falls below that price, you can sign up for LDP, and get the difference between the actual price of grain and the target price. You must have already harvested the grain, but you do not need to sell it on the day you claim the LDP.
It's been 2 years since there has been much of an LDP for any crops. I think very early crops of beans in 06 got a nickel or so for the beans if you could claim it early.
Again, that was the old program. There is much talk of keeping an LDP in the new farm bill, but as of today, there is nothing at all.
LDP would sort of be like a minimum wage for you. It's so low it's laughable, but it's all the govt offers. In your case your employer has to pay you minimum wage or cut your job. Since farmers sell to international markets, the govt takes over that 'minumum wage' payment.
Would you really be happy to be working for minumum wage????
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - The Fordson F Ignition System - by Anthony West. A fellow restorer contacted me earlier this year asking for some help and advice on a model F that he was restoring. He had over a period of months spent a fair amount of his hard earned cash on replacement parts for the old "trembler" ignition. Sadly though all his efforts seemed to be a waste of time and money as he still couldn''t get the temperamental old thing to run correctly!! If i said that this was a little frustrating for him that would be "conservative" in fact the problem had reduce
... [Read Article]
Latest Ad:
For sale Farmall super A tractor is complete and has just been setting for awhile,it was running when pulled out of the barn,shouldn’t take to much to get it going asking 1100.00
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
