Subsidies from decades ago, how about last year?
President Biden Should Not Make the Same Mistakes
www.ewg.org
EWG’s analysis of records from the Department of Agriculture finds that subsidy payments to farmers ballooned from just over $4 billion in 2017 to more than $20 billion in 2020 – driven largely by ad hoc programs meant to offset the effects of President Trump’s failed trade war.
Not only did the amount of subsidies skyrocket, but the richest farms also increased their share: In 2016, about 17 percent of total subsidies went to the top 1 percent of farms and about 60 percent to the top 10th. In 2019, the richest 1 percent received almost one-fourth of the total, and the top 10th received almost two-thirds.1
The staggering growth of subsidies and the worsening inequity in distribution underscore the urgency for the Biden administration and the new Congress to enact commonsense farm subsidy reforms that will benefit small, struggling farmers and the environment and make up for the mistakes of the Trump years.
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Are the input prices higher this year? Yes, I thought I answered that earlier for you but instead of getting $3.00/bushel for corn at harvest it looks like it will be about $6.00 or greater this year. I contracted some corn for Fall delivery at $6.11/bushel and expect it to go higher.
The cost of inputs is always a factor but unless you are doing something really wrong any grain farmer should have a record harvest this year. BTW, do you think there may be a correlation between better grain prices and higher land values? A farm sold recently for $20,000/acre and no it wasn't for development but strictly for grain production.
Most decent farmland in central Indiana probably would sell for at least 12k/acre. Farmland was trending down even with the absurdly low interest rates a year ago-I wish I would have bought some more then.
No offense but you don't sound like someone that knows much about farming.