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Ah history repeats again! Canada gives its farmers a extra tax. Boy we can't compete1

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    Ah history repeats again! Canada gives its farmers a extra tax. Boy we can't compete1

    U.S. Department of Agriculture will pay more than $7 billion of taxpayers' money to farmers this fall to keep them afloat in the face of low crop prices, agency officials said on Tuesday.

    The USDA released the total on the same day that payments started going out to more than 1.5 million growers of corn, soybeans and other crops, who had enrolled in U.S. safety-net programs to protect themselves from market downturns last year.

    Prices for the crops have stayed low in 2016 as massive harvests around the world have increased inventories and intensified competition for exports.

    U.S. farmers recently started bringing in their latest corn and soybean harvests. Both of which are expected to be record-large due to favorable weather.

    "The program payments being announced today will provide a needed cushion for farmers during these tough economic conditions," said Gordon Stoner, president of the National Association of Wheat Growers, which represents wheat producers.

    In August, the USDA predicted net farm income in 2016 would fall 11.5 percent from 2015 to $71.5 billion because of low commodity prices. If realized, that would be the lowest since 2009.

    It also would mean that USDA's safety-net payments accounted for about 10 percent of net farm income for 2016.

    The payments will help farmers "who are standing strong against low commodity prices," USDA Secretary Tom Vilsack said in the statement. He added that the agency will "continue to ensure the availability of a strong safety net" for growers.

    Payments will be made to farmers who enrolled acres of corn, soybeans, wheat, barley, grain sorghum, lentils, oats, peanuts, dry peas and canola under two USDA programs, called Agriculture Risk Coverage and Price Loss Coverage.

    They "primarily allow producers to continue to produce for the market" when crop revenues or prices decline, according to the agency.
    Additional payments for producers of other commodities, such as rice, will be announced later, the USDA said.

    Last year, the agency paid farmers $5.2 billion under the programs to cover weak markets in 2014.

    #2
    Yes well ....the previous government that was supported by farmers ....had programs gutted and didn't really give a shit about farmers either.....


    In the states they realize farmers drive an economy ....in Canada they are looked at with disdain.

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      #3
      How can they afford it?
      We should compare wasteful taxes.

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        #4
        Am I the only one that sees something wrong with the above statement. Why would you pay the farmer for low prices when the record corn and soybean yields are the direct correlation to why the prices are low. How about less production so the prices rise??? I understand market down turns but all they talked about was record yields. There is no incentive to reduce production to get commodity prices rising if all you do is pay out support payments. Same as canada, why produce large yields when you get poor prices for it. We all need to put that yield EGO in check and start thinking of ways to make sure we stay sustainable.

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          #5
          Canada has roughly 10% of the population of US, that would mean Canadian grain farmers would have to recieve 700 million dollars support from government. How close are we?

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            #6
            They are an economic driver ....why did governments bailout the auto sector numerous times?

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              #7
              I just read most of Sask is under a heavy snowfall warning and some areas have very poor driving conditions. Is anyone getting it?

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                #8
                The US electoral system is more why the farm sates get support, the electoral college system gives a lot of clout to farm states here as we saw in the last federal and every federal and most provincial elections anymore we do not matter.

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                  #9
                  Last government gutted decent programs, but who voted them in?

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                    #10
                    Australia cancels their problematic carbon tax.

                    USA bails out farmers for low prices.

                    Our Liberal Quebec PM with the blessing of Goodale add $10,000 in extra taxes for the average Sask farm.

                    Liberal logic.

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                      #11
                      Farm programs were gutted by Reformer Gerry Ritz Cracker, and not a peep was heard from all his supporters here on Agriville. Now the whining starts how the USA is providing support for their farmers.

                      The tread was started by the biggest complainer in all Western Canada, who moans and pisses about how expensive a fight out of Regina is to Hawaii.

                      The term oxymoron is certainly appropriate in this case.

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                        #12
                        LG, I tried that lower production with Trudeau 1, called LIFT, Lower Inventory For Tomorrow, was $6/acre to summerfallow. My neighbours all planted wall to wall and made out like bandits with higher prices.
                        Call me "Moron", but fool me once not twice.

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                          #13
                          For rage just F&@k off!

                          What do you bring to agriville each day?

                          Nothing!

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                            #14
                            Originally posted by rockpile View Post
                            I just read most of Sask is under a heavy snowfall warning and some areas have very poor driving conditions. Is anyone getting it?

                            Lots of crop out supposed to snow all week

                            Comment


                              #15
                              Sorry, make that reply to 4G not LG.

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