Why are Farmers never happy?

[SEIOWA CLONE]

That's not true. There were enhanced unemployment benefits, student loan forbearance, and expanded child tax credits in addition to stimulus payments.

True and I am sure those helped out that lost their jobs, but how many people, businesses, farmers and churches also received money from the program that were not affected at all, I know many that were. Every farmer I knew got at 10's of thousands just by signing up for the loan, which was forgiving in a matter of months. I have relatives that got money under this program, and I know they lost no work because of covid. One told me that he was using it like a zero-interest loan, and he would pay it back if forced too and it was cheaper than a loan on some equipment. His loan was forgiven.

 

[BCClone]

True and I am sure those helped out that lost their jobs, but how many people, businesses, farmers and churches also received money from the program that were not affected at all, I know many that were. Every farmer I knew got at 10's of thousands just by signing up for the loan, which was forgiving in a matter of months. I have relatives that got money under this program, and I know they lost no work because of covid. One told me that he was using it like a zero-interest loan, and he would pay it back if forced too and it was cheaper than a loan on some equipment. His loan was forgiven.

Not every farmer got 10s of thousands in PPP loans.

 

[Cyrealist]

Not every farmer got 10s of thousands in PPP loans.

I don't think grain farmers should have, but there was serious market disruption for livestock producers.

 

[SEIOWA CLONE]

Not every farmer got 10s of thousands in PPP loans.

True, I know of one that did not get signed up, but as I read through the lists of the three counties surrounding me, I saw lots of farmers, businesses and others that sure got $20 grand on those two payments. Many that I personally know, some that are relatives. I saw where one earth moving business, a father and son operation made over $200,000 between them, and I know for a fact they did not miss any work because of Covid.

I am sure there were a few farmers that did get signed up, the first window was not well published, but most got in on the second window. Just look at the list, it's easy to find, and I am sure many on here has seen it.

 

[Stormin]

Not every farmer got 10s of thousands in PPP loans.

Some may not have qualified. But probably only a few.

Guide to PPP loans for farmers and ranchers (new 2021 rules!) | Womply

Check out this comprehensive guide to PPP loans for farmers and ranchers. Learn about eligibility, application, and how to get loan forgiveness.

www.womply.com

 

[BCClone]

I don't think grain farmers should have, but there was serious market disruption for livestock producers.

Depends on each person like everyone. AlA lot of farmers (marketers push this) sell 1/3 to 1/2 their expected crop from at pats day to the Fourth of July (since that is traditionally the strongest market time). Here is the Dec 20 CME graph. I included the Dow Jones for comparison.


There was about a 70-75 cent drop in that time period (15–20% drop). If corn farmers did what they traditionally did, they took a hard cut. Let alone 1/3 to 1/2 of the crop being in the ground typically being sold then taking a hit about another 1/5 of old crop will be sold during this time period for many.

So to say grain farmers went unphased from the Covid economy isn’t true.

 

[BCClone]

True, I know of one that did not get signed up, but as I read through the lists of the three counties surrounding me, I saw lots of farmers, businesses and others that sure got $20 grand on those two payments. Many that I personally know, some that are relatives. I saw where one earth moving business, a father and son operation made over $200,000 between them, and I know for a fact they did not miss any work because of Covid.

I am sure there were a few farmers that did get signed up, the first window was not well published, but most got in on the second window. Just look at the list, it's easy to find, and I am sure many on here has seen it.

I think you can trust me in this one, I dont need a list to confirm a handful that didn’t get tens of thousands.

 

[Cyrealist]

There was about a 70-75 cent drop in that time period (15–20% drop). If corn farmers did what they traditionally did, they took a hard cut. Let alone 1/3 to 1/2 of the crop being in the ground typically being sold then taking a hit about another 1/5 of old crop will be sold during this time period for many.

Not saying Covid wasn't a factor, but the primary driver of prices was a supply-demand picture that changed from pretty bearish in the summer to bullish by fall: https://ag.purdue.edu/commercialag/...-perspective-on-the-corn-and-soybean-markets/

 

[SEIOWA CLONE]

I think you can trust me in this one, I dont need a list to confirm a handful that didn’t get tens of thousands.

BC I am sure there was a handful that did not get tens of thousands, but the vast majority did, like you said before, if you didn't get money, it was because you didn't try to get some.

 

[mitten1975]

I am pretty sure there are farmers that aren't never happy. While I was farming, I was often happy.

 

[BCClone]

I am pretty sure there are farmers that aren't never happy. While I was farming, I was often happy.

There are a lot of unhappy people in general.

 

[Mr.G.Spot]

The amounts differed immensely. Working people got very little. Businesses, corporations, even churches, got millions. Churches should never have been included. They are tax exempt. Therefore should have been excluded.

What about mosques, synagogues, hospitals, universities, isu foundation, United way, etc? They are all tax exempt. Is being tax exempt a litmus test?

 

[Die4Cy]

The amounts differed immensely. Working people got very little. Businesses, corporations, even churches, got millions. Churches should never have been included. They are tax exempt. Therefore should have been excluded.

Churches have employees. The program was designed to fund people who couldn't work because their government told them that they couldn't. In many places, churches were ordered shuttered far longer than other workplaces. What were they supposed to do?

The program was designed, as you said, to get money out quickly with very little oversight. At the time it was passed, people told them the money would be subject to fraud. The government didn't care. My wife worked at a bank that handled hundreds of thousands of dollars of these PPP loans. The clawbacks were a joke. They were far more worried about people being alone on a wakeboard at the beach, sitting next to each other at the doctor's office, andmaking certain they were covering their faces with paper masks.

 

[Stormin]

Depends on each person like everyone. AlA lot of farmers (marketers push this) sell 1/3 to 1/2 their expected crop from at pats day to the Fourth of July (since that is traditionally the strongest market time). Here is the Dec 20 CME graph. I included the Dow Jones for comparison.

View attachment 117119 View attachment 117120
There was about a 70-75 cent drop in that time period (15–20% drop). If corn farmers did what they traditionally did, they took a hard cut. Let alone 1/3 to 1/2 of the crop being in the ground typically being sold then taking a hit about another 1/5 of old crop will be sold during this time period for many.

So to say grain farmers went unphased from the Covid economy isn’t true.

Marketing. And those that didn’t? So the public takes on the loss, and you call that capitalism?

 

[Stormin]

Churches have employees. The program was designed to fund people who couldn't work because their government told them that they couldn't. In many places, churches were ordered shuttered far longer than other workplaces. What were they supposed to do?

The program was designed, as you said, to get money out quickly with very little oversight. At the time it was passed, people told them the money would be subject to fraud. The government didn't care. My wife worked at a bank that handled hundreds of thousands of dollars of these PPP loans. The clawbacks were a joke. They were far more worried about people being alone on a wakeboard at the beach, sitting next to each other at the We doctor's office, andmaking certain they were covering their faces with paper masks.

So what? Churches pay no taxes. Therefore should not get government payments. Unless they promise to pay property taxes and all other taxes.

We should have made a per person payment to every taxpayer. Period. Same amount. Everyone covered. No windfalls.

 

[SEIOWA CLONE]

So what? Churches pay no taxes. Therefore should not get government payments. Unless they promise to pay property taxes and all other taxes.

We should have made a per person payment to every taxpayer. Period. Same amount. Everyone covered. No windfalls.

Let's face it, the government loves giving money to corporations and businesses, but they balk at giving it to the average citizen unless they are on welfare.

Look at the bank buyout 15 years ago, we gave the banks billions to make sure they did not go under and forced them to buyout smaller banks that were in trouble. The country would have better off if the government gave every adult $50,000 and told them that they must use the money to purchase a new vehicle or build/remodel or purchase a new home. Give them a year or two and any money they have left they have to give it back to the government. It helped more people, saved the auto and building business and would have saved the banks on crappy home loans.

But they are not set up to help the little guy, just businesses, not individuals.

 

[CtownCyclone]

I bet farmers would be a lot happier if they had a Kelderman's down corn reel.

 

[Stormin]

I bet farmers would be a lot happier if they had a Kelderman's down corn reel.

Channel Seed would argue that their genetics makes the down corn reel not necessary.

 

[Die4Cy]

I bet farmers would be a lot happier if they had a Kelderman's down corn reel.

If you need a Kelderman reel, you are unhappy by definition.

 

[JP4CY]

Gang, we're getting kinda cave-y