Something Remarkable Is Happening Right Now With the Price of Farmland
Investor Jim Rogers and Glenn Beck earlier today discussed the global decline in the number of people interested in pursuing farming as a professional career.
“Nobody wants to [farm],” Beck said, referring to an earlier conversation he had with Rogers. “And it’s not just here — it’s around the entire world. Farming has become a lost art.”
“The average age of farmers in America is 58,” Rogers noted. “In Japan, it’s 66. In Canada, it’s the oldest in recorded history. In Australia, it’s 58. In 10 years, those guys will be 68 (if they’re still alive). Somebody has got to go into the fields.”
“More people in America study public relations than study agriculture,” he added. “We don’t have any farmers coming up.” [Below at about the 9-minute mark]
However, despite this apparent disinterest in agriculture, and despite the drought that’s still eating away at the industry’s profits, something remarkable is happening right now in the value of U.S. cropland, according to bankers surveyed in the latest report from the Kansas City Fed.
“Farm income and land values were boosted by high crop prices and high crop insurance payments. In North and South Dakota, land lease revenue increased thanks to the region’s energy deposits,” Business Insider notes.
“Bankers in the Corn Belt and Central Plains reported strong annual increases. Meanwhile in Texas, where growing conditions were poor, farmland values increased a modest 2.6 percent year-over-year,” the report adds.
And that’s not all: For the remainder of FY2013, analysts expect farmland values to grow — and grow some more.
Here’s a chart illustrating the increase in non-irrigated cropland in Q3:
If this trend continues, as analyst Jesse Colombo notes, these agricultural areas may very well become “New Manhattans” (as far as wealth is concerned).
“Farming is going to be one of the great professions of the next 10-20 years,” Jim Rogers told Beck.
“When I speak to universities and students, I tell them they should all be studying agriculture. They don’t want to do it. They all want to get MBAs. But it’s a terrible mistake. They should be studying agriculture,” he added.
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Featured image courtesy Getty Images. This post has been updated.
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Comments (178)
LakeHartwellSailor
Posted on February 13, 2013 at 10:37pmI will admit, when I was growing up….being a farmer was not appealing. I was young, I served in the military, but that was not enough for me. I wanted be rich. So I left the military after 5 years so I could pursue my dream of being a self employed “big shot”….wear a suit & tie….entertain customers…just like my Dad did. I went to college….became a salesman for awhile…found out I couldn’t sell heaters to eskimos. But I continued to try.
I eventually “backed into” a career in IT (Information Technologies), and did OK….but I am not rich. Found myself helping a company that depends upon Farmers….and discovered, farming is a most honorable profession.
2013, Super Bowl…and in the Super Bowl commercials there was one commercial that touched my heart. It was narrated by Paul Harvey….”So God Made A Farmer”…
And here it is for those few, that have not heard it.
http://www.youtube.com/watch?v=QuzhwkaNC40
God bless our remaining Farmers.
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mom4times
Posted on February 13, 2013 at 10:45pmnot fond of chrysler but i LOVE that commercial…..put it as my signature on my phone for texting
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LakeHartwellSailor
Posted on February 13, 2013 at 11:03pmmom4times
I had no idea it was a commercial for Chrysler…..it was the tribute to our Farmers that caught my eye. I guess the Marketing people for Chrysler didn’t think that maybe there product might get lost in the message.
God bless you too.
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Gold Coin & Economic News
Posted on February 13, 2013 at 11:13pmIf there’s a problem with not enough people farming, won’t Obama fix it since he is the Second Coming?
http://www.isthatbaloney.com/creepy-newsweek-cover-calls-obama-the-second-coming/
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endthemindlessspending
Posted on February 14, 2013 at 12:27amI grew up working on a small family farm in PA milking cows, I loved every day I spent out there. The problem is there is no spot for the small family farm anymore. The government has been killing smaller farms for decades. We had to pay $400 to sit in a class and learn the way we should fertilizer on our fields. Also, that is what is killing the kids these days, rather doing hard work growing up. They are given a video game and told to keep quite.
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antiprogressive
Posted on February 14, 2013 at 3:26amThese days, some farmers are still paid NOT to plant – by the Gvmt of course.
Subsidies run rampant in some places.
Others are making a good income planting FUEL corn – again per the Gvmt.
And now, particularly S.Dakota and surrounding areas, land is skyrocketing in value to
pump out natural gas.
Paul Harvey’s Super Bowl ad was great.
But did anyone see the Liberal Parody of it posted since then?
Much better…
http://www.youtube.com/watch?v=EUzMPlQb2G4
Halarious.
God Bless the Farmers.
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Eternal
Posted on February 14, 2013 at 6:01amGod bless you,too!
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BSdetector
Posted on February 14, 2013 at 7:40am@antiprogressive
That was a great video, Chrysler should play them both side by side!
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turkey13
Posted on February 14, 2013 at 7:57amMost farmers here in Oklahoma are plowing under their wheat. Due to no rain you couldn’t even graze cattle on it. That wheat sees cost a fortune. Nearly all of our neighbors sold their cattle because we had no hay and hay prices doubled. I don’t know where Obama is going to get grains to make eynthol gas.On top of all that nearly all the ponds are dry and the real deep ones are going – going – gone. My sons have 1500 acres and gave up in 2011. Last year they leased the grazing and leased the hunting to some lawyers. They signed up for CRP to not grow crops on the farm land and signed up on another Dept of Ag. to bulldoze trees and for the first time in 3 years they made a profit.
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pdw
Posted on February 14, 2013 at 8:03amObama once said he would be happy when all the small farms were gone.
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4xeverything
Posted on February 14, 2013 at 8:08amI have always wanted to be a farmer. For as long as I can remember I’ve wanted to raise crops and cattle. My grandmother is a farmer and it has always appealed to me. My husband is a 4th generation plumber though and alas we have to live within so many miles of the city in order to make a living. With gas prices what they are…comuting is not a viable option. Maybe if they start giving away land again I can persue my farming dream.
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becky62lpn
Posted on February 14, 2013 at 8:59amMy husband and I are both from farms, we are both prior military. We wanted to buy a farm the VA would not approve it, they said we could not buy an income producing land. So i would love to know how we could buy a farm, that would not break the bank as well as get approved by the VA.
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poorrichard09
Posted on February 14, 2013 at 9:22amI grew up on a farm too, during the 50′s and 60′s-lots of hard, dirty, manual labor-I left when I got a job in town. Now all that is done with machines and technology. Might not be so bad, capital intensive and you’re at the mercy of the weather.
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JRook
Posted on February 14, 2013 at 9:32amAlthough individuals or families own 85 percent of all farms in the United States, they own only 64 percent of the farmland. The remainder is owned by corporations, large and small, and farming and its related industries have become big business. No doubt mixing corporate farming with big oil should benefit all of us. Look what it has done to the price of gasoline. And before you put forth the ignorant we need to drill more BS. Do your research and recognize that we now export both oil and gasoline and the most of the oil from the Keystone pipeline is slated for export. Now tell me how much US oil companies care about their country. The PRESIDENT should open up all oil drilling sites and give big oil 3 years to develop it or invite in foreign companies that will do it. If the market is flooded with oil then the price will go back down to where it belongs, total direct and indirect costs plus a historically comparative ROI.
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Deb C
Posted on February 14, 2013 at 10:22amGet a farmer on here and let him tell you all the problems he’s having getting seed that isn’t soaked with cancer causing chemicals…
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Romans828
Posted on February 14, 2013 at 10:27amJRook – the line between “corporate” and other (family? individual? whatever?) farms is not as clear as you may think. Our farm is incorporated. There are two officers (my husband and me) and two shareholders (my husband and me). Increased value of farmland to us means (1) much harder to expand. (2) higher property taxes. (3) estate and inheritance issues we didn’t have before. Where is the upside again?
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shortnsweet
Posted on February 14, 2013 at 10:38amPaul Harvey’s ….”So God Made A Farmer”… is touching. It’s what farming was when he was growing up.
Today farmers specalize. They have to if they want to make it.
The Crop Farmers plant corn and soy beans, ect. and tend to their irrigation wells.
The cattle producers fill up their feed lots and feed them distillers mash from the ethanol plant when possible, some put the cows out to graze.
Hog farmers put up the big buildings for their operations.
Dairy farms have to be very hard work. They have to be there to milk their cows 24/7.
ALL HARD WORK
He left out the part where the farmer has to keep up with the latest government regulations!
And he needs a good banker.
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desertspeaks
Posted on February 14, 2013 at 1:07pmyeah become a farmer and have MONSATAN sue you every time you try to grow something! No one tells you about that part of it..OH! and if the wind blows POLLEN across a road from MONSATANS frankenfood seed plants and pollinates your non-monsatan non-frankenfood plants, MONSATAN SUES YOU for patent infringement and orders you to destroy your entire crop or pay them so much money it’s not worth it to continue growing a damn thing.. and that’s if you have the cash to afford attorneys to go to court.. OH, JUDGES ALMOST ALWAYS SIDE WITH MONSATAN!! ITS THE MONEY KIDS!!
Then to avoid all that, you used MONSATANS frankenseeds and bring in a biblical historic crop “YEAH RIGHT”, you can’t save seed for next years planting “like farmers have done since the dawn of time”, OH NO!!!!! MONSATAN ORDERS YOU have to sell YOUR entire crop and BUY MORE FRANKENSEEDS next year!!
On top of that, if you try using MONSATANS frankenseeds and use their weed killer, you get weeds so tough it breaks all your equipment because the weeds are now becoming IMMUNE to the the weed killer and have become SUPERWEEDS! yes weeds that are immune to monsatans weedkiller and tough enough to thrash million dollar equipment!,.
Further, the PROMISED crop yields from MONSATANS frankenseeds is below half of what is promised.
SOUNDS LIKE FUN HUH!?!?!?
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lbesq
Posted on February 14, 2013 at 2:27pmJRook, It does not matter How much oil and gas we produce, You have to have the Production Facilities to process. That is where we “fall” down. We could have been independent from importing petroleum products a long time ago. There are still “capped” producing wells, that were capped 40 years ago, They are not part of the “Strategic Reserves”. We should NOT be shipping Petroleum products out of the North American Continent. We Need Rapidly increase our Production/refining capabilities.
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dblaess
Posted on February 14, 2013 at 3:25pm@JRook
Under your plan gas prices might go down to the level they were when president Bush was in office (some sites and Obama believe he is still in office, but that is another thing). However, prices will never get down to that price since your beloved government (Federal and State) tax each gallon more and more each year and if gas use goes up they will tax it again. Do you get paid by the post or by the word?
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General K
Posted on February 14, 2013 at 4:12pmFarm land is at premium here in South Western Pennsylvania. We are overwhelmed by the Marcellus Shale drillers for Natural gas and oil later. Almost every farm near us and there are quite a few are being pummeled by drillers and pipelines being put in to get the gas out of here for export to CHINA. Anyone that had a farm now is not getting rid of it. Many wells have been drilled and many more are being drilled. We are in a boom here and I am told it will only increase. The farmers are not selling out now, no way! After the rape of our resources look for all the farms to be sub divided and sold to developers.
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moosebeeusa
Posted on February 14, 2013 at 4:35pmTo get started Farming you need
Tractor $180,000
Sprayer self propelled $300,000
Drills aka seeder $150,000
Cultivator $50,000
Disk $50,000
Combine $ 480,000
Farm tractor $85,000
Trucks Semi with trailer $130,000
Farm truck $55,000
Total $1,480,000
Now to support that you need 3,000 acres of good producing land @ ave. $ per acre cost of 2,250= $7,200,000.00
Total investment $8,680,000 anybody interested???
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johndeere
Posted on February 14, 2013 at 6:48pmMoosebeeusa- I don’t know where you got your figures for the price of good farmland but in IL we are averaging between 7000-16000 a acre for good cropland. If I could find some in the range you suggested I would buy it all.
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DneprCowboy
Posted on February 14, 2013 at 8:13pmBecky62lpn
Find yourself a piece of undeveloped rural property and get the owner to “tote the note”. Put a manufactured home on it and start clearing it and planting an orchard. It may take you 10 or 15 years to really get going, but you can pay for it as you go. Check out water basin irrigation availability, property taxes and fruit trees that will bear well and pay. Lots of research involved. Use drip if irrigation is needed and the “greenies” will all be impressed too. Should have my facebook page up and running for my orchard/farm this weekend. Mesa Vista Farms, LLC
DneprCowboy
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flyovercountrygirl
Posted on February 15, 2013 at 11:37amGreat videos about today’s farmers.
http://www.youtube.com/user/ThePetersonFarmBros
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RinkyDink34
Posted on February 13, 2013 at 10:28pmGood
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Redfor
Posted on February 13, 2013 at 10:52pmActually…. I dont know if this is actually good or bad… Maybe if the farmer was looking to sell the land… But other than that… a 30% increase in land value also means that your property taxes / death taxes also just went up….. So… throw in all your overhead and it may cost a farmer more to operate in the end. But Im no farmer, but God Bless these hard working people.
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SgtB
Posted on February 13, 2013 at 11:45pmIt is also pricing the next generation out of farm land. Also, when the price of a durable good or property goes up, it usually indicates that the value of the money used to buy it is decreasing, not that the value of the good or property is rising. So what this is really telling us is that we are in for some massive inflation. If property is going up 30%, then the dollar is devalued (inflated) by almost as much.
Funny that word, inflation. Most people have hardly a clue as to what it means and even more believe that some inflation is a good thing. What they fail to realize is that we can have an elastic monetary system without having inflation. The value of the property in this nation increases with every hour of human labor spent on making something, so our real wealth grows by that amount. Inflation is adding more dollars to the system than what the Citizens increase the value by. Of course, it is in the money printer’s favor to print more money as every dollar printed is a loan and they earn interest upon EVERY DOLLAR IN CIRCULATION. Just imagine if you were able to charge a tenth of a cent on every dollar printed and coin minted. That is how the Federal Reserve siphons off our wealth.
Where was I going with this? Oh yeah, increasing property values is a sign of a systemic problem with our monetary system.
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smokey888x2
Posted on February 13, 2013 at 10:26pmHave been attempting to buy just a small small amount of farm land for five years … the price and/or availability has both completely prohibited the idea. What’s worth 10 goes to 18 etc.
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stof
Posted on February 13, 2013 at 10:25pmGreat for land valuation! Mean streets for the poor farmer that wants to pass the farm down to their children and it has to be sold to pay 50% in estate tax. With a small farm you will reach the exemption qquickly. When is a family estate taxed enough already. Best example of redistribution!
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Leveraction3030
Posted on February 13, 2013 at 10:22pmIt started years ago. The government started it by raising property taxes until a farmer making a living could not afford the property taxes. Then comes the death tax where you have to give Uncle Sam half your worth when Grandpa or Dad dies. 800 acre dairy farm on Gov’t paper says you are worth 4.5 million dollars per their estimate. All you have is the land, some cows, hogs and chickens and some buildings. Pay up for your filthy rich Daddy who just passed. Well Mr. Gov’t man we make about $40,000 in a good year selling milk at your fixed prices. The money is made down the road not here. We only get pennies on the dollar per lb. We don’t have more then a few thousand in the bank and my twenty year old truck we have to push it to start it. Well the auction will be next month, if we make enough you may come out with enough to move. Look at it this way Gov’t man says. It will be a lot nicer around here for the people in the suburbs that moved in on you and your kind. They don’t like the smell and dust and riding down the road seeing you in 100 degree heat without a shirt on working in those fields all the time. It is not pleasant and their wives and children should not have to see such a sight. Maybe when this is all done you can get a better job and live in the suburbs like the Progressive people do. You know what I mean a better life.
I say well Mr. Gov’t man if I make anything I /we will go much farther away from these kind of people.
I do not want my family to be li
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Leveraction3030
Posted on February 13, 2013 at 10:31pmI finished with I do not want my family to be like them. We can take care of ourselves the Lord willing.
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AmericanResolve
Posted on February 13, 2013 at 10:48pmYou hit the nail on the head, LeverAction. My nephew is about to graduate high school and will attend college in the Fall. His choice of degree? Agriculture. He wants to raise commercial herds and farm. Unfortunately, land prices are sky rocketing and most big farms/ranches are corporate owned. The little farmer has a hard time making ends meet. My nephew will find a way, it’s not going to be a cake walk, that’s for sure. Upside? He loves it and loves to work.
Just Sayin’…
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Saff SGT
Posted on February 13, 2013 at 10:15pmplant your own gardens
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wmcritter
Posted on February 14, 2013 at 9:10amSadly, the government makes that illegal in most cases as well. Usually it is the local government that controls that, but it just shows that our government at every level is tyrannical and insane.
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shortnsweet
Posted on February 14, 2013 at 11:05amGardening is the answer.
Start small, with what you can manage to gain experience and knowledge.
Rich people like Glenn Beck can afford to pay the price of farm ground or a ranch and hire someone manage it. I can’t.
.
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Snidely
Posted on February 13, 2013 at 10:12pmI have to disagree with Glenn on this. I personally know many people that would love to be farming. It’s a wonderful lifestyle. The reason why the age of farmers is increasing is that it’s difficult to get started in farming without a lot of financial help. Established farmers are getting bigger to survive. While that’s not bad itself the further society gets from it’s agrarian roots, the less likely they are to assume personal responsibility.
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blessedmidwest
Posted on February 14, 2013 at 7:58amSnidely is right…Financial hurdles are a big reason young people cannot enter the business. Bankrolling your first year of crops is difficult, when you have to secure land, seed and all those HUGE machinery helps. BIG expenses!! Another hurdle… no one gives up their crop land. Oh, and finally… the reason the so-called average age of a farmer is 58 (and I would say that’s a bit low), is because farmers don’t retire and move to Florida. They die. That’s when the juniors finally get their shot.
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bobfrommosinee
Posted on February 13, 2013 at 10:00pmWhy go into farming? The environazis and government have so over regulated farming, You have to be a lawyer as well as a farmer to try and not violate the rule regulation or law that has become a nightmare for the Farmer trying to just farm.
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soybomb315_II
Posted on February 13, 2013 at 10:11pmincreased land prices is good for jim rogers but bad for anyone who wants to become a farmer
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Romans828
Posted on February 14, 2013 at 10:22amBecause you like to eat?
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DEFCON4
Posted on February 13, 2013 at 9:52pmThe government has Hank Kimball on the job. http://youtu.be/-Jn32OCQ7ns
What’s to worry, oops forgot about them ‘bing-bugs’….
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TOPOFTHEGAME
Posted on February 13, 2013 at 9:49pmRetiredRogue……..I know of some property around Blackwell Okla. seventy miles straight north of Wichita Ks.. Tis 160 acres sold like this Mineral rights $200-K, surface ground sold for $325-K Total $525-K for one quarter of wheat or corn ground. A neighbor farmer bought the land,,, a man in Okla City seventy miles south of the farm bought the mineral rights. Which an other farmer in that area leased his mineral rights for five years for $96-K…
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TruthTalker
Posted on February 13, 2013 at 10:47pmSorry Top. I am from Kansas and you will not find any land in Oklahoma 70 miles straight north of Wichita.
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Seeker59
Posted on February 14, 2013 at 6:56amCome on BECK! Your better than this!! This should be sounding all kinds of alarms. THINGS ARE GETTING READY TO CRASH and your dollars will be worthless. The elite know it. I know of one area in NW central OK were farm land is being purchased by out-of-state investors, mainly from CHICAGO. They are paying tremendous prices for the land. They are dumping their cash into land.
When things crash, cash will not mean much. These high prices do nothing to help the farmer unless he is the one selling out. It’s all about greedy elite trying to find a place to stash their cash.
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Seeker59
Posted on February 14, 2013 at 7:08amHe means south, and yes, the prices he mentions are what they are paying. Lot’s of out-of-state cash comming in.
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rochesterruler
Posted on February 13, 2013 at 9:46pm@Freeberty food prices would be a quarter of what they would be if the government didn’t subsidize it ? They can’t get Americans to do the work now Whose gonna do it for 75% less? I agree the free market is not working because it’s not free. Too many Corporations have their hand in the cookie jar. But it’s not the small farmers , it’s the Montasanto’s and the ADM’S that are putting the little guy out of business. Guess whose taking money from these corporations? All of them .
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mom4times
Posted on February 13, 2013 at 9:50pmAmen !
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freeberty
Posted on February 13, 2013 at 10:01pmAgricultural subsides/welfare programs were part of the first big transfers of wealth from those that have to those that don’t since the 1920′s. The level of corruption and hands in the cookie jar have increased exponentially since that time. Farmers are just 1 of the unimaginably many, and yet they’re given a free pass since they are from the heartland of America.
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Romans828
Posted on February 14, 2013 at 10:36amWe buy seed from Monsanto and sell corn to ADM. Not sure how that’s putting us out of business. You are right about the effect government subsidies has on food prices however.
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gyro
Posted on February 13, 2013 at 9:45pmthe end is near when food is more valuble than money
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grimmster
Posted on February 13, 2013 at 9:59pmTrue, considering there is no value in money……
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mash4077
Posted on February 13, 2013 at 9:44pmwith the lunatics in charge now,gov’t will force unskilled labor to work on gov’t owned farms. sound like anything you’ve heard from history.
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yiska8
Posted on February 13, 2013 at 10:06pmYou got it. Beginning with all the TAKERS who voted for a season of freebies and sloth. If they won’t work on their own. It’s only a matter of time before the government forces them to work for it. It’s far too late now.
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Keatonc333
Posted on February 14, 2013 at 12:08amYiska8… dont want to be that guy.. but farmers are some of the biggest ‘takers’ in America
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yiska8
Posted on February 15, 2013 at 7:59pm@Keaton
Your right. Huge landowners are hugely SUBSIDIZED. Smaller farmers actually work. Monsanto and Del Monte are the ones taking over and have been. And they are the ones with government hand in hand deciding who has the strongest backs to work the land and will decide how you live, how much you work, how long, and if you’re worth housing and clothing. Like I said before, it’s far too late now. Out of 10 people, 6 are takers. It cannot be sustained. Soon it will be 8 out of 10.
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HI_Don
Posted on February 13, 2013 at 9:41pmLets see, profits are up slightly due to prices rising and decreasing competion. What I see is the next group to be labeled as evil and selfish and poised for government control and take over. Obama will have to “save us” from those who would starve us. He can’t possibly allow “the few” to control those who suffer and are on hard times. He will move as his next big legislation – the affordable food act.
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Romans828
Posted on February 14, 2013 at 10:39amYou got it. Evidence: Freeberty and Keatonic. We farmers are already the evilllllll rich ones…..
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mom4times
Posted on February 13, 2013 at 9:39pmIt is truely sad how the government has turned farming into a welfare job. @Freeberty – I partly agree with what you stated, but most farmers now days don’t know much different anymore….if they want to improve their land, add more animals – they are beholden to the government to be able to do it. Prices are so out of reach to purchase anything, that if they don’t take out a farm (gov) loan then they won’t be able to do anything. My dad grew up on a farm and then left before i was born…..I still respect the hard work he did growing up and he still instilled those principles in me…..I married into a farm…very small one but hard working non the less and i grieve when i see more farms going out….lot of amish coming in and taking them over, but the amish up here are not good….they let everything go and once beautiful farms are almost destroyed….i will fight too keep us going and my kids will too…..they are learning better than I did
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mash4077
Posted on February 13, 2013 at 9:37pmIt’s all by design. gov’t will control everything, even the growing of food. get ready sheeple, it’s going to get here sooner than you think. on the bright side, the ozombies will starve first.
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soybomb315_II
Posted on February 13, 2013 at 9:43pmgovernment will give supplies/food to those who are most loyal to the regime
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ashestoashes
Posted on February 13, 2013 at 9:53pmAgenda 21 has been being implemented for quite some time..In the West…the government pays farmers and ranchers to not cultivate their land or to graze it..then..the farmers who do..rely heavily on irrigation which comes from the lakes of which they have to pay for in water rights..they haven’t been getting the water because the lakes are low..and what water they do have is getting piped to other states..Agenda 21 calls for a draining of lakes because they don’t deem lakes as sustainable..Then Monsanto is shoving GMO foods..which grows its own insecticide inside the plant poisoning us..Lots of government officials like Judge Clarence Thomas and Ronald Rumsfield involved..Monsanto’s lawyer joined the FDA..Other GMO tactics are blending human..animal and spider DNA allowing the transfer of animal..human and insect diseases to each other..They are releasing GMO salmon soon..genocide.. We need organic farmers..and not ones who will bury their crops if they don’t get the price they want..I’ve seen that too..One day..the people left on this earth will be farmers..and will take care of each other..Come on millenial kingdom..
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ReddirtOkie
Posted on February 13, 2013 at 9:32pmLet’s see. Go into the farming business. Probable minimum investment of 1M to 1.5M. Pray for rain at the right time, hope your equipment doesn’t break down at the wrong time and you can get some help to bring in the harvest and cover your cost of production much less pay down your debt. Farmers have to be the greatest optimist in the world. Without them we wouldn’t eat or enjoy the level of prosperity this country is or can be blessed with. My sister married a farmer. He is a great guy. I pray for their prosperity.
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freeberty
Posted on February 13, 2013 at 9:45pmThe American taxpayer is on the hook to pay for any failures that the parasites down on the farm get themselves into, to the tune of 8 billion a year.
http://seekingalpha.com/article/833011-the-farm-economy-is-so-healthy-some-government-subsidies-go-to-millionaires
Just because they are white and not an urban thug with gold teeth does not make them any less a parasite
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Outfitr
Posted on February 14, 2013 at 9:28amAnd… that’s only if you have 2 million in collateral in the first place or your never going to get 1.5 million from any bank. So who in their right mind would do this.
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The Big Mick
Posted on February 13, 2013 at 9:29pmI know a guy, he and his wife were good friends and housemates of the woman who became my wife,
who works at a High Level for the State of Maryland. He’s done the studies, knows his stuff.
He says the math says Farmland is BETTER economically for a County/State, because it pays tax revenue WITHOUT having to have the County/State outlay big bucks for infrastructure.
That’s a radical oversimplification but there was no doubt HE knew what he was talking about, even if the principle can be debated. Commonwealth of Va brought him in to talk to the Legislature about just that topic.
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qpwillie
Posted on February 13, 2013 at 9:28pm““More people in America study public relations than study agriculture”
I can see that Rogers has never had to to try to work in the field with someone who studied agriculture in college. Ever hear of a “comedy of errors?”
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maggiepie
Posted on February 13, 2013 at 9:25pmIn Delaware, the AMISH still run most of the farms that are left.
Plenty of farmland available. Must bless the Amish.
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freeberty
Posted on February 13, 2013 at 9:18pmFarmers are a bigger welfare parasite then the broodmare in section 8 with her Obama phone. They have been stealing money from the American taxpayer since the 1920′s. Take away their subsides, tariffs, and government programs like ethanol, milk/cheese, and growing crops that only the government wants them to grow, and your food prices would be a quarter of what they are now.
They have nothing to do with the free market and everything to do with the wholesale theft of the American public.
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TopFlightSecurity
Posted on February 13, 2013 at 9:30pmYou are an idiot. See with economics sense like yours no wonder the us is in chaos. If you take away the subsidy the price quadruples not goes down by a quarter. The government is at fault here because they essentially force the farmers to take the subsidy because they price the product so low that the farmer has to take the subsidy or grow something else. Do some research ****** before you open ur stupid @$$ mouth. I will put up with liberal morons on any other issue, but farmers is where I draw the line. They are probably the only true Americans left(and no I am not a farmer).
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zdschultz
Posted on February 13, 2013 at 9:31pmYeah. Farmers should just become self sufficient. Grow enough food for their family and loved ones and let people like this starve because they wouldn’t know how to even grow a weed. It is one thing to say that we need to cut back on government subsides but it is another to verbally attack the hand that feeds you.
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soybomb315_II
Posted on February 13, 2013 at 9:36pmEthanol. What more evidence do you need?
I rest freeberty’s case
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TopFlightSecurity
Posted on February 13, 2013 at 9:37pmHere let me put a way you can understand it, “u better ax sum body”!
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chips1
Posted on February 13, 2013 at 9:43pmWhat you have just described is the government telling the farmer what they can grow, what they will not be allowed to grow and what the product can be used for. The government, again, has put its city lawyers to work telling citizens what laws they have made.
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AxelPhantom
Posted on February 14, 2013 at 11:03amYes! Let’s remove all farm subsidies and let the free market work. (our family has a small farm, but we take no subsidies but we don’t make a living at it either).
Get ready for steak to cost $10 per#, lettuce $5 a head, $4 for a loaf of bread, $7 for a gallon of milk and $10 for a box of cereal…..then Americans can see how much it actually costs to produce the food, adhere to government regs, keep animals healthy etc.
As the dollar continues to devaluate, it will actually start to pinch hard. Do you think the people will then demand that the government stops its spending spree?
No. They will blame the farmers and say that they as citizens have a right to “affordable” food and the government should do something.
The government will use it as an excuse to raise the allowance on food stamps….that will really save us some money. (sarc. off) Then fix prices until the only farms that can make it are the big ones.
Why do you think Obama is driving small businesses of all kinds out with increased regulations, healthcare costs, minimum wage laws (suggested)?
Think about it from the perspective of a Marxist….is it easier to control a few big guys who you have had in your pocket for years or a bunch of independent small ones?
Contrary to what you may think, you could own a business in USSR, but you relied on the big government owned entities for your supply.
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justangry
Posted on February 13, 2013 at 9:10pmIt’s not who wants to farm? It’s who can? Farming co ops are taking over and writing the regulations that prevent competition. Draconian estate taxes are forcing yeoman farmers off their lands and banks don’t give loans for a couple hundred grand for a combine and other equipment.
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redfish52
Posted on February 13, 2013 at 9:17pmJustangry….so true….also very few of today’s youngsters are willing to put in the sun up to sun down hours that their parents and their parents, parents put in. Farming is a thankless job, but an important one. I have always admired the farm families of America but they are a dying breed. Besides, with the regulations that are being imposed on them they don’t have a chance anyway.
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civilwarcometh
Posted on February 13, 2013 at 9:18pmAgenda 21…
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soybomb315_II
Posted on February 13, 2013 at 9:33pmagriculture has some of the strongest anti-competition lobbyist groups this country has ever seen. And those lobby groups have infiltrated FDA to shut down the small farmer and make our food supply unhealthy.
Getting rid of these crony capitalist forces should be one of the top priorities cuz nothing is more important than food
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Eastinfection
Posted on February 13, 2013 at 9:44pmStalin de ja vu?
Screw Gold. Hoard Grain.
Don’t stuff it up your chimney, tho……. that’s the first place the Brownshirts will check.
On another note…. thank you, Progressives of the World, for perverting the American Dream to read as: “Forget Any Work that involves Manual Labor. You have to either think of some real cool youtube stuff, rap, ball, or go to college.”
Electricians & Plumbers will always be necessary, bill at 50-100 bucks an hour, & used to be part of the “American Dream”.
PARENTS!…. if you “insist” on your kid going to college, you are part of the problem.
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soybomb315_II
Posted on February 13, 2013 at 10:01pm“Electricians & Plumbers will always be necessary, bill at 50-100 bucks an hour, & used to be part of the “American Dream”.
PARENTS!…. if you “insist” on your kid going to college, you are part of the problem.”
__________________
East you are soooo right. I have been castigated by many friends and family members for not saying my kids will be in college someday. I cant even get my wife to understand that college is a 4-year joke. When this college bubble bursts, all these people will be hanging out to dry. I am an engineer and let me tell you that 1-2 years of technical school (just math and science) would be more than enough to prepare someone to do engineer work. Most of the important things are on-the-job training which is more effective for learning anyways
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circleDwagons
Posted on February 13, 2013 at 10:43pmSoy. Definetly right about college. Why would any sane normal American want to become a doctor or lawyer. In a few years 4 yr colleges will be out dated thanks to the internet.
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BeckIgnoresConstitution
Posted on February 13, 2013 at 9:00pmMaybe America can get back to basics including traditional family farming, if old fashion ethics and telling the truth ever become popular again again. The servile lying media won’t report the truth about Obama’s Article 2, Section 1, ineligibility http://youtu.be/esiZZ-1R7e8 or his identity fraud: http://youtu.be/alVzyfptF80
Neither congress nor the courts will enforce the Constitution! http://puzo1.blogspot.com/2013/01/barack-obama-de-facto-president-of.html
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soybomb315_II
Posted on February 13, 2013 at 9:00pmif farmland is getting more expensive, doesnt that mean that farming will be even more expensive and there will be less farmers?
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TopFlightSecurity
Posted on February 13, 2013 at 9:14pmYeah this just shows you even smart investors sometimes don’t know what they are talking about. If you have to pay millions of dollars for a farm there is no way you can make any money. Farmers who have owned their farms a long time and are paid off probably can but if you had to buy a farm in this day and age I just don’t see how it is possible to make any money. That’s not to say the farm wouldn’t make a lot of money but the farmer wouldn’t have any left after paying all the bills.
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farmwife
Posted on February 13, 2013 at 9:16pmThat’s already the case. We are in our 40s and have been farming for over 26 years. My husband bought his first 40 acres in 1983 during the farm crisis. We do not have new equipment, it’s old, it breaks down, but it’s paid for! The only thing that isn’t completely paid for is the land. We have struggled to make it to where we are and land values are skyrocketing! I’m an accountant, I do our books and put our financial plans together, what people do not understand profits are up, but so are all of our input costs! 15 years ago it cost $120 to put in an acre of corn. Today that same acre is over $300. Fertilizers, fuel, repairs, insurance, so the profit margin is still slim – unless you have your land paid for.
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izzy1127
Posted on February 14, 2013 at 1:57amI guess most of you are noticing that Glenn is starting to talk with his checking account on some of these stories now. Really starting to piss me off. The only good thing that could come from property value going up right now is, maybe, the ability to borrow more money against your land. This is a really screwed up story. Not so sure I’m trusting Beck as much as I used to. We all know the problems with farming and farmland, and it’s not the property value. I see this as a “bad news” story, not “good news”.
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Hopefulone
Posted on February 14, 2013 at 5:56amYes, it’s surprising that is considered “good news” in this article. The recommendation to study agriculture sounds wonderful but they’ll get out and not be able to afford to get into farming.
The insanity of our crumbling economy with rising costs is symptomatic of the government skewing the economy with borrowed money. The free market is being poisoned.
‘Haven’t seen the commercial but I love the farmers. I tell my kids that farming is the most Godly profession. Everybody else depends on them. Their work is tied directly to life and the soil. It takes the most well-rounded individuals to run farms.
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SCREW-WINDOWS
Posted on February 13, 2013 at 9:00pmWho wants to farm that sounds like work something this now generation seems to be allergic to.
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Git-R-Done
Posted on February 13, 2013 at 9:06pmLOL, nice.
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Darmok and Jalad at Tanagra
Posted on February 13, 2013 at 9:14pmGreen acres is the place to be, Farm living is the life for me. I can just see these yuppies moving out there, getting some milk cows and then wondering why they have to milk them EVERYDAY? And the chickens keep dying, maybe they are planting them too deep.
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SimpleTruths
Posted on February 13, 2013 at 9:17pmThen why don’t you show us the way and roll up your sleeves and do it?
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soybomb315_II
Posted on February 13, 2013 at 9:20pmdid these ‘now’ kids have any parents?
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RJJinGadsden
Posted on February 13, 2013 at 9:29pmDARMOK, They, will need to hire somebody like Ebb to teach them the ways. Hank Kimball will have to stop by to approve the depth at which they are planting the chickens. Ralph can get into her painter overalls and start the addition to their homes. And, at least once a month Peter Greeder the Meter Reader can stop by.
http://www.youtube.com/watch?v=0MzfDcAUkb8
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RJJinGadsden
Posted on February 13, 2013 at 9:31pmNo SIMP, it’s time for the Young, Dumb, and full of C-u-m to roll up their sleeves to get out there and get busy with a life.
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Darmok and Jalad at Tanagra
Posted on February 13, 2013 at 9:31pmI grew up in farm country, I had an opportunity to stay in Kansas and marry my high school sweetheart, work on her fathers farm, etc. I did work while I lived there, and I for one did not have a passion for it. You have to LOVE farming, you have to love the work, and you have to have the drive. If you don’t, you will fail. Period. If you dont like farming and the lifestyle that comes with it, you will quickly become very miserable.
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SCREW-WINDOWS
Posted on February 13, 2013 at 9:50pmHow long would these yuppies last baling the hay ? That is if they could lift one.
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RJJinGadsden
Posted on February 13, 2013 at 10:09pmSCREW-WINDOWS, LOL, try to convince them to pick up the round ones. That ought to be fun to watch. Have moved plenty of those around with the pto spike on a tractor’s front.
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RJJinGadsden
Posted on February 13, 2013 at 10:11pmSCREW-WINDOWS, Dang, that was a hydraulic operated spike. Dang, it’s been longer than I thought since I helped a couple of friends on their farms.
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SCREW-WINDOWS
Posted on February 13, 2013 at 10:36pm@ SimpleTruths
Nothing would pleasure me more than treating you like a hay bale and then put on my knee boots and treat you like the sheep you are.
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flyovercountrygirl
Posted on February 15, 2013 at 11:38amWatch this.
http://www.youtube.com/user/ThePetersonFarmBros
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