Farmer Aid checks going out, and some farmers aren't happy

  • You are viewing Orangepower as a Guest. To start new threads, reply to posts, or participate in polls or contests - you must register. Registration is free and easy. Click Here to register.

Binman4OSU

Legendary Cowboy
Aug 31, 2007
28,816
15,703
1,743
Stupid about AGW!!
#1
Aid checks to farmers affected by tariffs are going out soon. Corn farmers affected by the tariffs will get the smallest aid checks. Corn farmers lost $0.44 per bushel because of the tariffs but the govt will only be sending them checks for $0.01 per bushel they sold during the period. A corn farmer who produced and didn't sell 200,000 bushels of corn will be getting a check for $2,000 for their losses. Daniel Weinand a corn farmer in North Dakota said he will harvest 30,000 bushels of corn and receive $300 in aide money from the Government

$6 billion will be paid out as emergency relief funds to farmers in the first round $4.7 billion will be distributed to corn, cotton, soybean, wheat, dairy, pork and sorghum farmers. $1.3 billion will be sent to developing foreign markets for American grown commodities and to buy over 24 select products including fresh fruits, vegetables, nuts, meat and dairy. A second round of $6 billion in payout will go out later but not announced at this time

Soybean farmers will be paid $1.65 per bushel of soybeans affected by the Tariffs which will result in soybean farmers getting $3.6 billion of the payout. China is the largest purchaser of US Soybean crops at 60%.

USDA chief economist said that more than 784,000 farmers have sent in applications for emergency relief payouts

Wheat farmers have a lobby group challenging the Trump Admin payouts as the Wheat farmers will only get a check for $0.14 per bushel China generally makes its orders for US Wheat between March and June and on avg the US has sold 20 million bushels of wheat to China over the last 3 years. However this year the request from China for US Wheat was 0

Joel Schreurs who is a Soybean and corn farmer in Minnesota and sits on the American Soybean Association and the Minnesota Soybean Growers Association boards said the tariffs have cost him from $40,000 to $50,000 and he will be getting $16,000 to $20,000 in emergency funding

https://abcnews.go.com/Lifestyle/wireStory/aid-checks-farmers-worry-bailout-58021717
 
Feb 11, 2007
4,127
1,895
1,743
Oklahoma City
#2
Aid checks to farmers affected by tariffs are going out soon. Corn farmers affected by the tariffs will get the smallest aid checks. Corn farmers lost $0.44 per bushel because of the tariffs but the govt will only be sending them checks for $0.01 per bushel they sold during the period. A corn farmer who produced and didn't sell 200,000 bushels of corn will be getting a check for $2,000 for their losses. Daniel Weinand a corn farmer in North Dakota said he will harvest 30,000 bushels of corn and receive $300 in aide money from the Government

$6 billion will be paid out as emergency relief funds to farmers in the first round $4.7 billion will be distributed to corn, cotton, soybean, wheat, dairy, pork and sorghum farmers. $1.3 billion will be sent to developing foreign markets for American grown commodities and to buy over 24 select products including fresh fruits, vegetables, nuts, meat and dairy. A second round of $6 billion in payout will go out later but not announced at this time

Soybean farmers will be paid $1.65 per bushel of soybeans affected by the Tariffs which will result in soybean farmers getting $3.6 billion of the payout. China is the largest purchaser of US Soybean crops at 60%.

USDA chief economist said that more than 784,000 farmers have sent in applications for emergency relief payouts

Wheat farmers have a lobby group challenging the Trump Admin payouts as the Wheat farmers will only get a check for $0.14 per bushel China generally makes its orders for US Wheat between March and June and on avg the US has sold 20 million bushels of wheat to China over the last 3 years. However this year the request from China for US Wheat was 0

Joel Schreurs who is a Soybean and corn farmer in Minnesota and sits on the American Soybean Association and the Minnesota Soybean Growers Association boards said the tariffs have cost him from $40,000 to $50,000 and he will be getting $16,000 to $20,000 in emergency funding

https://abcnews.go.com/Lifestyle/wireStory/aid-checks-farmers-worry-bailout-58021717
We get ourselves in a mess by creating payments beyond free market prices. Then our attempts to correct
these errors create even more problems.
 
Nov 16, 2013
3,152
1,982
743
33
tractor
#10
You can sell it, just not for the price you want to sell it. The commodity trading bots really control the market. It would be nice to know their algorithm program.
 

cowboyinexile

Have some class
A/V Subscriber
Jun 29, 2004
12,990
9,134
1,743
39
Fairmont, MN
#14
Just so everyone is clear farmers grow both. It's not like Farmer Joe and his corn crop are pissed because Farmer Bob and his bean crop are getting bailed out. Farmers will vary their acres depending on economic factors but generally speaking no one is going 100% corn or beans multiple years. At the very least, doing so would ruin their ground.

Also, a big reason soybean prices are depressed is because we have an oversupply of soybeans. The trade war with China has had an impact but beans weren't likely to be a positive cash flow if we had normal relations with China.
 

Bowers2

Stackin' Joe's Cups
A/V Subscriber
Jul 31, 2006
6,842
5,247
1,743
Edmond
#15
This is the most concerning thing to me.

China generally makes its orders for US Wheat between March and June and on avg the US has sold 20 million bushels of wheat to China over the last 3 years. However this year the request from China for US Wheat was 0.
 

RxCowboy

Has no Rx for his orange obsession.
A/V Subscriber
Nov 8, 2004
69,314
49,540
1,743
Wishing I was in Stillwater
#16
$6 billion will be paid out as emergency relief funds to farmers in the first round $4.7 billion will be distributed to corn, cotton, soybean, wheat, dairy, pork and sorghum farmers. $1.3 billion will be sent to developing foreign markets for American grown commodities and to buy over 24 select products including fresh fruits, vegetables, nuts, meat and dairy. A second round of $6 billion in payout will go out later but not announced at this time
And my wife, who works her butt off for veterans, won't get her meager 2% raise.

:cursing::cursing::cursing::cursing::cursing:
 

Binman4OSU

Legendary Cowboy
Aug 31, 2007
28,816
15,703
1,743
Stupid about AGW!!
#20
I wonder what they are going to eat in China?
They import food products from 146 partners.

As of 2016 here is a chart showing the share of where their food imports come from. As Tariffs erode the US provided portion...I'm sure several of the other 145 partners they trade with not in the US will be more than willing to step up production to sell to China to take away the US market share..thus freezing US farmers out of the Chinese market for a Long long long time

1538050637084.png

https://wits.worldbank.org/CountryP...G;MFN-WGHTD-AVRG;/Sort/MPRT-TRD-VL/Chart/top5