You are watching: The next american farm bust is upon us
Farmers would have done less of it to themselves had ethanol and commodity financialization policies both been crafted more wisely.Also if the gubmint hadn"t pretty much quit enforcing anything along the anti-trust lines in the last 20 years- as far as input oligopolies go.Although the way the market actually works is that if the genetics, fertilizer and equipment oligopolies weren"t robbing you blind then the landlords would take all of it anyway as long as somebody is willing to loan the money to pay it (and they will be, for a while).Which is why we should have stuck with the toughlove of F2F and kept the gubmint out of farming.A matter where, curiously, even the most ardent anti-gubmint radicals tend to disagree if they happen to be farmers.
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holding interest down and printing money to maintain a comfort level is a pretty big contributor.Regulating small business out of existance while giving favors to the large international political contributors.(labor laws & Court liability)Forcing US business to compete globally with countries where regulation is non existant. -- Only promised.Economically forcing mergers to a level of no competition. (seed, fertilizer, & Equipment companies to farms themselves)Large international corps are the chosen survivers for the future global economy,, and we are going to live with the idiocy and ego of the gubmt of the last 30 years for a long time even if we do referbishits foolishness.Technology has made us all feel like super heros. Especially politicians. And farmers who think they can drive a straight row......From the office.The sad part is the direction of the US and globalization is spinning rapidly toward loss of need for 60% of the worlds population. If we are not needed to produce food or manufacture goods or mine things, where do most of us stand with those with political power.That picture without a cab or an operator should be very difficult to look at.......