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Highest farm profits since 2001 vs. OMG the farmers have it so bad?
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clovis
Posted 9/14/2020 07:32 (#8494618 - in reply to #8494487)
Subject: RE: Highest farm profits since 2001 vs. OMG the farmers have it so bad?


Regarding subsidized crop insurance....unless I am misreading what you wrote, I would argue the opposite. Subsidized crop insurance reduces risk and it is risk which makes farming unattractive to corporate interests. So removing risk actually makes it more attractive to corporate America to invest in agriculture. Which is also why we are much more likely to see an attempt to dominate crop enterprises (as was done with chickens and pork) in central Illinois or north central Iowa than in Missouri, N Dakota, or other regions where production is generally riskier year in and year out. Risk is for sole proprietors. That is where innovation and imagination and careful management really shine...... or not. That is what makes farming far more interesting than the drudgery of 9 to 5. YMMV

Clovis
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