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Started By
Message
re: Funny business in the Delta: Farmer, bankers accused of racketeering
Posted on 5/23/17 at 9:41 am to cave canem
Posted on 5/23/17 at 9:41 am to cave canem
I believe the figure I last heard is that .5% of the federal budget goes to the "farm" bill. Of that minuscule amount more than 2/3 goes to food stamps, actually. After that much of what's left is spent running the government farm agencies. Finally we're left with the tiny amount that actually gets to farmers.
I can promise you, the federal budget isn't out of whack due to farm subsidies. We're fricking child's play compared to other countries such as China who up until recently had their internal price of cotton at well over a dollar a pound while we might be struggling in the mid-60 cents per pound.
The biggest thing farmers get in the U.S. is (semi)affordable insurance. The old quota and counter cyclical payment systems are long gone. Crop prices aren't propped up by the government anymore. I seriously don't see where people get off thinking that farmers are fricking welfare kings.
I can promise you, the federal budget isn't out of whack due to farm subsidies. We're fricking child's play compared to other countries such as China who up until recently had their internal price of cotton at well over a dollar a pound while we might be struggling in the mid-60 cents per pound.
The biggest thing farmers get in the U.S. is (semi)affordable insurance. The old quota and counter cyclical payment systems are long gone. Crop prices aren't propped up by the government anymore. I seriously don't see where people get off thinking that farmers are fricking welfare kings.
2
Posted on 5/23/17 at 9:48 am to East Coast Band
quote:
So, these guys steal $30 million.
They'll get 1 year in a federal penetentiary, max.
Low class thugs steal 200 bucks from a convenience store and get 5 years in a shitty state prison
Yep. There is a ton of white collar crime in the agriculture business. We gotta eat so people look the other way while a few big names take in millions of taxpayer dollars.
Farmers generally are impossible to prosecute too
This post was edited on 5/23/17 at 9:52 am
Posted on 5/23/17 at 10:27 am to Decisions
quote:bullshite.
Crop prices aren't propped up by the government anymore.
Posted on 5/23/17 at 10:30 am to Decisions
quote:and guaranteed crop loans regardless of credit history, etc. Tell the whole story if you're going to discuss it.
The biggest thing farmers get in the U.S. is (semi)affordable insurance.
Posted on 5/23/17 at 10:38 am to Tail Dragger
you need to fill me in. 
Posted on 5/23/17 at 10:54 am to The Mick
quote:
and guaranteed crop loans regardless of credit history, etc
What in the name of Sweet Fanny Adams are you talking about?
Posted on 5/23/17 at 11:04 am to ConfusedHawgInMO
I talked about this last night with a guy very close to the situation. He explained how it all got discovered when one of the Larrys bought a stolen tractor from Texas for $15k. The Feds started investigating because the theft crossed state lines and eventually uncovered this hornets nest. Greed strikes again!
Posted on 5/23/17 at 11:48 am to supadave3
Are you shitting me? A 15K tractor is what started all of this?
Posted on 5/23/17 at 12:51 pm to The Mick
quote:
and guaranteed crop loans regardless of credit history, etc. Tell the whole story if you're going to discuss it.
What the hell are you talking about? You have to pay the loans back. You won't get more loans if you default, I can assure you.
I just read that $25 billion was spent on farm subsidies NATIONWIDE last year. Of that, $19 billion went to crop insurance, disaster relief, ARC and PLC (which are effectively disaster relief). So roughly 2/3 of farm subsidies is JUST to make insurance affordable and to pay basic bills in the event of a hurricane or market collapse. The balance mostly went towards (inter)national marketing and research. It's not like it's going in the farmers' pockets.
And this tiny amount of money ($25 billion) is going to a sector of the economy that produces ~$1 trillion in GDP a year. As a comparison, the U.S. spent $71 billion on food stamps last year. How much return are we getting on that investment, eh?
There are roughly 325 million people in the U.S. currently. Spread out equally over them all (I know, it's not) that equates to nearly $77 a person to have what is literally the most efficient, safe, and stable food supply in the world. Fricking peanuts, folks.
This post was edited on 5/23/17 at 12:56 pm
Posted on 6/2/17 at 9:37 pm to East Coast Band
Yes bankers stole money forged checks and the bankers was lien to these guys that was working everyday for a better life not knowing the whole time Dickerson ,micain and others was stealing from them now these guys owe millions no way to pay and the banks have the nerve to forclose
Posted on 6/2/17 at 9:44 pm to dagrippa
Not drugs greed thinking they can run over people and thay wouldn't stand up for there selfs but u know u can lie and cheat just so long before someone takes a stand and gets tired of eating shite and says wait a dam minute enough is enough
Posted on 6/2/17 at 9:45 pm to dagrippa
Not drugs greed thinking they can run over people and thay wouldn't stand up for there selfs but u know u can lie and cheat just so long before someone takes a stand and gets tired of eating shite and says wait a dam minute enough is enough
Posted on 6/2/17 at 9:50 pm to INSIDERS VIEW
Well bumpity bump bump.
This just got interesting.
This just got interesting.
Posted on 6/2/17 at 9:53 pm to ManBearTiger
Joseph Blake lively was one of the ones that worked all year they forged his name used him like a dry towel after he was used up now Owes millions no way to pay they still want to put judgements on him
Posted on 6/2/17 at 10:01 pm to Decisions
quote:the biggest thing people don't get. However I think if the subsidies all were zapped, the markets would correct
There are roughly 325 million people in the U.S. currently. Spread out equally over them all (I know, it's not) that equates to nearly $77 a person to have what is literally the most efficient, safe, and stable food supply in the world. Fricking peanuts, folks
Posted on 6/2/17 at 10:42 pm to Wtodd
quote:Thanks "W" Todd.
Never trust anyone with a nickname with quotes around them.......ever!
Posted on 6/2/17 at 11:09 pm to INSIDERS VIEW
quote:
INSIDERS VIEW
Definitely sounds like someone from the area.
Posted on 6/2/17 at 11:15 pm to prostyleoffensetime
quote:
Are you shitting me? A 15K tractor is what started all of this?
Yep, the guy that told me that is extremely close to the situation. Personally knows the farmers and the bankers on a first name basis.
Posted on 6/2/17 at 11:16 pm to Honest Tune
quote:
Also, I have it on good authority that one of these baws snuck into Tommy's camp/house and left a big steaming shite on his dining room table.
I know the baw that shite on his dining room table.
Posted on 6/2/17 at 11:21 pm to jimbeam
Lots of farmers on here. The subsidies are not all bad but there are too many of them and yes as with any other government program a good bit of abuse.
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