May, Saturday 4th., 2019 "Big Money Coupled With Cheap Money" Never Ends Well...
May, Saturday 4th., 2019
"...How do the farmers survive this squeeze on their (already tiny)
profit margins? How do they cope with flat prices for corn and huge
increases in input costs? One way is by abusing their soil — using GMOs, heavy fertilizer and
herbicide applications and other tricks to squeeze as much short-term
productivity out of every acre they can. But beyond these productivity improvements, which eventually hit a
point of diminishing return, what else can a producer do with rising
costs and flat revenue? Well, they can go deeper into debt: The above chart is of farm mortgage debt. Total farm debt across all credit instruments hit a new record in 2018 of more than $409 billion. Today’s remaining farmers are forced to take on more and more risk. Here’s a table for Nebraska that details the plight. Note that while
net farm income remained relatively flat between 2002 and 2015, family
living expenses exploded in parallel with total farm debt: ...."
Run this scam long enough
and one day we’ll discover that the banks and their proxy agents...own
all of the productive farmland, all of the mines, all of the oil wells,
all of the timberland, and every other means of primary wealth production.
...."
