To put a bow on our soy bean discussions from yesterday...
"At this point in the year, around 60 to 70 percent of crops should be planted, John Newton, the chief economist of the Farm Bureau, said. Most expect the USDA to soon announce that, because of flooding and other difficulties, American farmers are only 35 percent planted so far."
For now, it appears the Farm Welfare handouts are keeping the farmers with Tweedle Dum.
"Last year, the White House and the Department of Agriculture announced they would provide $12 billion in aid to farmers affected by the trade war with China. For some, that meant 2018 was not as bad as 2017.
But that subsidy also came on the backs of taxpayers. Government payments to farmers in 2018 were up almost 18 percent because of the trade dispute, making up a large portion of the $13.6 billion provided to farmers last year. That is the most money the government has paid out to farmers since 2006, according to the Congressional Research Service.
This year could be a new record." ($15,000,000,000).
The CBOs numbers last week, were trillion dollar defects as far as the eye can see.
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Link: Soy
Posted: 05/14/2019 at 07:37AM