Death to Farm Credit from Those on High, Farmer and Economist, Mike Smith I’m in between fall crop planting and have to focus so I am going to run this like the rancher on the clock. Farm Credit System History In 1916 when the Farm Credit System was established there were 6 million farms that employed around 30% of the US population. They each averaged 140 acres or so of land, had minimal automation investment, were manually laborious, and...
Read More »Economist-Farmer Michael Smith gives us a view of how serious the drought conditions are and the impact on the nations agriculture. Post after post of hydraulic shovels pulling orchards up in California, news of the large almond producers having to cull hundreds of acres at a time to divert water and resources to other parts of their farms. We saw the Midwest run hot and dry all summer and when harvest season arrived, monsoon rains made harvest...
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Farmer – Economist Michael Smith talks crop prices, Will History Repeat Itself?, AG WEB Farm Journal, Jerry Gulke High crop prices, like much what is going on in the greater economy might be transitory. The author keeps up the tone that high prices in the silage department usually only last a few months. We are seeing this with lumber. We should see this in corn as well. I would venture to even go out on a limb and posit that climate change...
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Heterodox
