|
Deep state, shallow pool | $3 is a fair market value where you can clear up cash flow yet still allow the market to operate normally. $4.40 loan rate would be the equivalent or the $2.50 loan rate we saw from 1978 to 1983. By that time the Reagan administration told the farmers they would find the low cost producers that could stay in business without government support and then dropped the loan rate to 1.95. The rate from the laat ten years of $1.83 is a hindrance to farmers holding grain unless they could self finance paying bills and holding a crop. Our cost structure has been raised so should the loan rate and reflect the new ethanol paradigm. Let’s be honest loan rate corn is one of the only ways the government can make money. They are being their own bankers. | |
|
LDP program
