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As soybean futures plunge, farmer says tariffs have 'devastated' the industry


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30 minutes ago, GGNHL said:

Not so Fun fact, Wisconsin is losing 50-75 dairy farms per month due to a downturn in dairy that started in 2015, was that trumps fault too? :snack:

I'm trying to figure out how many dairy farms are left in our county.  I think you can count them all on one hand.

When my family built the current milk barn, we were the largest for miles around at 110 milking.  When we sold the herd, we were the smallest on the milk truck route.  

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1 minute ago, GGNHL said:

Unless we do a national dairy buyout like the 80’s where we kill a few million cows or we implement a quota system there's no amount of fed dollars that are gonna help. The Co-ops are starting to talk about some sort of quota system, basically if you took away 2% of the supply prices would correct themselves in a year due to normal demand growth. 

Dairy is done being a small farm game.  Big is the only way now.

Neal

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1 minute ago, NaturallyAspirated said:

Dairy is done being a small farm game.  Big is the only way now.

Neal

Riverview is based just west of us.  While I don't always care for how large they are, if I'm a cow, I want to be at one of their farms.

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2 minutes ago, racinfarmer said:

I'm trying to figure out how many dairy farms are left in our county.  I think you can count them all on one hand.

When my family built the current milk barn, we were the largest for miles around at 110 milking.  When we sold the herd, we were the smallest on the milk truck route.  

 

Just now, NaturallyAspirated said:

Dairy is done being a small farm game.  Big is the only way now.

Neal

We have minimum milk prices in stores here in Maine and we have a dairy support program that's unique to our state that is funded with casino revenues and fees paid on Milk. A 50 cow herd still gets a base price of $21.50 cwt and a large farm gets $18.75 and they're still getting by and the only reason we really have any dairy left in this state. 

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11 minutes ago, GGNHL said:

 

We have minimum milk prices in stores here in Maine and we have a dairy support program that's unique to our state that is funded with casino revenues and fees paid on Milk. A 50 cow herd still gets a base price of $21.50 cwt and a large farm gets $18.75 and they're still getting by and the only reason we really have any dairy left in this state. 

That's 20% more than common dairy across the country is at right now.

Neal

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1 hour ago, GGNHL said:

There's no way youre friends with dozens of people, let alone farmers, quit trolling, your bait is weak. :snack:

Fuck dude.....I grew up more rural than anybody here......except for maybe Kneel and Joel.....but nearly the same.  SBYL

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2 minutes ago, SnowRider said:

Fuck dude.....I grew up more rural than anybody here......except for maybe Kneel and Joel.....but nearly the same.  SBYL

Yeah but, unlike them, you dated your teacher at Homeschool High.

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11 minutes ago, SnowRider said:

Fuck dude.....I grew up more rural than anybody here......except for maybe Kneel and Joel.....but nearly the same.  SBYL

Sure and you go back to your childhood home and call all those dozens of farmers you claim to know "stupid welfare fucks" and then you all laugh and have a beer. Nobody buys your bullshit. :lol:

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7 hours ago, favoritos said:

I would hate to be starting out right now.  There is no way it is possible.  It doesn't look like things will improve anytime soon.  Crop outputs look like they will be extremely strong this year.  Factor in the markets.  Losing money on a lot of bushels is still losing money.  Operating loan rates certainly are not going to help next year.  We are going to see quite a few not weather this storm.  The ripple is going to go a lot deeper than individual farmers.

Check back on this topic in a year.  Plop down some of the headlines you see then.  It will not be tough to see who actually understands what is building right now.

I think there’s going to be a rebound in most grain prices. The crop just isn’t there world wide. Ending stocks are going to decrease 

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2 minutes ago, Rod Johnson said:

I think there’s going to be a rebound in most grain prices. The crop just isn’t there world wide. Ending stocks are going to decrease 

Like Mr. Saik says, the question shouldn't be can we feed 10 billion people, it is will we be allowed to.  

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7 hours ago, racinfarmer said:

Fairly common.  Mom and dad quit farming and none of the kids come home to farm.  They sell the equipment and sell the land to retire on.  Dad kicks over, mom moves to down and the kids sell the farm or become absentee landowners.  

Even if the land is given to them, the equipment and operating costs will eat them up really quick in the current ag economy.  

It will be interesting to see how operations of all sizes survive the next couple years.  I have a feeling that there are a couple who are or will be so deep in they'll be "too big to fail" for some banks.  

Even 5k an acre is a hard pill to swallow for many.  

I still can't quite figure out a investor paying 10-15-20k/acre, then turning around and renting it back for $300/acre and making it a worthwhile investment, even if you have that kind of cash just laying around.  

Every now and then, we also get the joy of someone from the city coming out to buy an 80 and they'll show us all how to farm local and organic.  Usually they aren't there 5 years later.  Our neighbor's quarter is on its 4th or 5th owner in the last 15 years.  They were all going to show us what the market demands.

Buying up farmland and renting it out was the investment darling for a while. That fell pretty oft though because the percentage return isn’t there. A lot are selling now but are making good on the appreciation on the land now though 

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37 minutes ago, SnowRider said:

Fuck dude.....I grew up more rural than anybody here......except for maybe Kneel and Joel.....but nearly the same.  SBYL

I grew up in a town of 600 on the edge of 3.5 million acres of undeveloped commercial timberland, the largest continuous wilderness east of the Mississippi. :news:

 

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1 hour ago, NaturallyAspirated said:

That's 20% more than common dairy across the country is at right now.

Neal

We're lucky for sure here, I see Boston Blend prices monthly and we're higher in the Northeast (even outside Maine) than the Midwest. Problem is we're the end of the tracks for grain as well so some of that money gets eaten up by the extra transportation. 

7 minutes ago, racinfarmer said:

Like Mr. Saik says, the question shouldn't be can we feed 10 billion people, it is will we be allowed to.  

Like African countries denying food aid cause it has GMO ingredients? We definitely have the ability to feed this planet sustainably with some sort of change to irrigation preventing aquifer depletion and such, just have to see if feelings get in the way of science. 

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1 minute ago, GGNHL said:

We're lucky for sure here, I see Boston Blend prices monthly and we're higher in the Northeast (even outside Maine) than the Midwest. Problem is we're the end of the tracks for grain as well so some of that money gets eaten up by the extra transportation. 

Like African countries denying food aid cause it has GMO ingredients? We definitely have the ability to feed this planet sustainably with some sort of change to irrigation preventing aquifer depletion and such, just have to see if feelings get in the way of science. 

Yes, they are told that GMO's will make them homosexual or infertile or insane.  

Those thoughts aren't planted in their mind by some shaman or witchdoctor who doesn't even know what GMO is.  They come from somewhere...

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2 minutes ago, racinfarmer said:

Yes, they are told that GMO's will make them homosexual or infertile or insane.  

Those thoughts aren't planted in their mind by some shaman or witchdoctor who doesn't even know what GMO is.  They come from somewhere...

They could use some infertility in that shithole!!!! :lol:

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12 minutes ago, Rod Johnson said:

Well it would vary 

So how about for the specific government unit you live in. In my town it's 14 per square mile, on the 2 mile road I grew up on there's 6 full time residents. The next township and every other township for 100 miles north it's 0 people at all. :news:

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1 hour ago, SnowRider said:

Fuck dude.....I grew up more rural than anybody here......except for maybe Kneel and Joel.....but nearly the same.  SBYL

Troll

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