Posted 5/20/2020 06:57 (#8268832 - in reply to #8268802) Subject: RE: What is so special about Jan 15?
They are linking this to COVID and its impact on markets / market decisions. The date is an approximation based on news headlines (remembering that this started in China, and China has a big impact on export markets) and some folks guess about when / if / how it began affecting markets. The actual date that they used isn't that important to the folks structuring the program. They could have used Feb 1, Feb 15, Mar 1....but they chose Jan 15.
Kind of like the 50% number...apparently some folks in charge at the USDA deemed it reasonable for 50% of a farmer's grain to be priced by Jan 15 and for 50% of a farmer's grain to not be priced yet. Some folks on this board insist that 100% should be priced by Jan 15, other folks are cool with it if 0% is priced on Jan 15. I'm not sure why some folks are getting all wadded up about it. I guess its just that people who think someone else is getting more money than they are get their tail twisted but that's fine, their crying is pretty easy to ignore.
In the end, just like everything else they've done recently, it's a program. Folks in control in Washington made the program. They set the rules based on the things that matter to them. Maybe it is because back home they own land and the way the set the rules will benefit them. Maybe it is because they think that this will help their constituency and help them get re-elected. Maybe it is simply because they are idiots and didn't know what they are doing. It really doesn't matter, the program is what it is, and folks can choose to participate or not.