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Old 05-27-2009, 12:34 PM
 
Location: San Diego California
6,795 posts, read 7,285,342 times
Reputation: 5194

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Quote:
Originally Posted by rubber_factory View Post
Good article, great website.

I do have one minor objection, regarding the blame game. You say the fault lies with "You and I." I hear this sort of rhetoric an awful lot, but I have trouble understanding it.

How am I at fault? Can you clarify?
When I say you and I, it is a general statement, I do not know what level of civic responsibility you personally have shown; perhaps you have been active in local politics and do your diligence as a Citizen to be informed and to vote accordingly.
As a people we do not. I would venture to say most citizens have never taken the time or effort to write to their representatives or even to spend the time to really study and understand the issues and the people they vote for.
The problems we are facing now did not just happen; they are the result of two decades of government and central bank mismanagement. The fact that there has been no public outrage over that period is proof that the people in whom the power and responsibility rest (according to the Constitution) have been asleep at the switch.
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Old 05-27-2009, 12:45 PM
 
Location: Portland, Oregon
7,085 posts, read 12,050,618 times
Reputation: 4125
Quote:
Originally Posted by JimQ View Post
I've never claimed to be a professor at Wharton. I write my articles in my spare time. Stop worrying about credentials and read the words.
There's an awful lot of people who think that is what you claimed then:

New Thinking: New Thinking: James Quinn, The Wharton School
THE SHALLOWEST GENERATION | The Big Picture
Independent American News » Blog Archive » Delusions of Debt – The Ron Paul Solution
“Our Coming Depression” by James Quinn on Seeking Alpha « Greenewable’s Weblog

Hard to give credence to some one when people lie to introduce them, and each seems to have the precise same grandiose title from Wharton...they have to be getting it from somewhere.

Last edited by subsound; 05-27-2009 at 01:34 PM..
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Old 05-27-2009, 06:39 PM
 
12,867 posts, read 14,908,341 times
Reputation: 4459
Quote:
Originally Posted by Randomdude View Post
Farmers would not grow food for the price the market would drive it to in a completely free market. Thats exactly why there are farm subsidies.
Research from Brian M. Riedl at the Heritage Foundation showed that nearly three quarters of subsidy money goes to the top 10% of recipients. Thus, the large farms, which are the most profitable because they have economies of scale, receive the most money. The discrepancy is only widening. Since 1990, payments to large farms have nearly tripled, while payments to small farms have remained constant. Brian M. Riedl argues that the subsidy money is helping large farms buy out small farms. "Specifically, large farms are using their massive federal subsidies to purchase small farms and consolidate the agriculture industry. As they buy up smaller farms, not only are these large farms able to capitalize further on economies of scale and become more profitable, but they also become eligible for even more federal subsidies—which they can use to buy even more small farms." Critics also note that, in America, over 90% of money goes to staple crops of corn, wheat, soybeans and rice while growers of other crops get shut out completely.
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Old 05-27-2009, 10:43 PM
 
Location: Great State of Texas
86,052 posts, read 84,442,711 times
Reputation: 27720
There was also a very good article on the folks that receive those monies and guess what..they are not "farmers" living on their farms.

Here's a link to a farm subsidies database. Pick the state and see who got the money.
Not fully up to date but enough to let you see that "Joe Farmer" is NOT the one getting the money.
Joe Farmer is going under due to high debt and sinking commodity prices.

EWG || Farm Subsidy Database
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Old 05-28-2009, 04:02 AM
 
48,502 posts, read 96,816,250 times
Reputation: 18304
Quote:
Originally Posted by Randomdude View Post
Farmers would not grow food for the price the market would drive it to in a completely free market. Thats exactly why there are farm subsidies.

Looking at the farm bill passed not long ago; it actaully benefits people that don't farm or even attempt to. Millions each year go to landowners in this country.
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Old 05-28-2009, 05:01 AM
 
22,768 posts, read 30,719,635 times
Reputation: 14745
Quote:
Originally Posted by subsound View Post
There's an awful lot of people who think that is what you claimed then:

New Thinking: New Thinking: James Quinn, The Wharton School
THE SHALLOWEST GENERATION | The Big Picture
Independent American News » Blog Archive » Delusions of Debt – The Ron Paul Solution
“Our Coming Depression” by James Quinn on Seeking Alpha « Greenewable’s Weblog

Hard to give credence to some one when people lie to introduce them, and each seems to have the precise same grandiose title from Wharton...they have to be getting it from somewhere.
To be fair, he claimed he wasn't a professor. These say that the is the director of strategic planning. I don't know that these are the same thing.
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Old 05-28-2009, 05:12 AM
 
12,867 posts, read 14,908,341 times
Reputation: 4459
Quote:
Originally Posted by HappyTexan View Post
There was also a very good article on the folks that receive those monies and guess what..they are not "farmers" living on their farms.

Here's a link to a farm subsidies database. Pick the state and see who got the money.
Not fully up to date but enough to let you see that "Joe Farmer" is NOT the one getting the money.
Joe Farmer is going under due to high debt and sinking commodity prices.

EWG || Farm Subsidy Database

Though net farm income reached a record level of $88.7 billion in 2007, propelled by high market prices for major crops, Washington still sent out over $5 billion of taxpayers' money in "direct payment" farm subsidies to over 1.4 million recipients," said Ken Cook, president of EWG. "Over 60 percent of the subsidy was pocketed by just 10 percent of the recipients-the largest and generally wealthiest subsidized farming operations in the country."

america could be a great farming country again, without the government taking money away from workers to give to farming corporations. america has a lot of tangible assets and great potential if the government would get out of the way.
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Old 05-28-2009, 07:11 AM
 
Location: Virginia Beach, VA
5,522 posts, read 10,195,269 times
Reputation: 2572
Quote:
Originally Posted by floridasandy View Post
Research from Brian M. Riedl at the Heritage Foundation showed that nearly three quarters of subsidy money goes to the top 10% of recipients. Thus, the large farms, which are the most profitable because they have economies of scale, receive the most money. The discrepancy is only widening. Since 1990, payments to large farms have nearly tripled, while payments to small farms have remained constant. Brian M. Riedl argues that the subsidy money is helping large farms buy out small farms. "Specifically, large farms are using their massive federal subsidies to purchase small farms and consolidate the agriculture industry. As they buy up smaller farms, not only are these large farms able to capitalize further on economies of scale and become more profitable, but they also become eligible for even more federal subsidies—which they can use to buy even more small farms." Critics also note that, in America, over 90% of money goes to staple crops of corn, wheat, soybeans and rice while growers of other crops get shut out completely.

What anyone does with the subsidy money is completely seperate from the economic issue.

Farms are the least capital intensive operation you can possibly imagine. Sure, big farms have 100's of thousands of dollars of equipment, but all you really need is a horse, a plow, seeds, a water source, and couple acres, and you have a commercial farm. Therefore, you have the potential for the market to be seriously overburdended with produce. The US produces many more times what it consumes already, and there are literally tons of food destroyed in any given year to simply keep it off the market.

The US, and most industrialized countries on the globe, combat this by subsidies. They attempt to artificially manipulate the free market to keep farmers producing the correct food, and not overproducing others.

Now, is it a problem that corporate farms are benefiting largely now? Yeah. Is it a problem that agrobusiness is now a major Washington lobby? Yeah. However, in itself, I believe farm subsidies are very neccessary.
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Old 05-28-2009, 07:21 AM
 
Location: Virginia Beach, VA
5,522 posts, read 10,195,269 times
Reputation: 2572
Quote:
Originally Posted by floridasandy View Post
Though net farm income reached a record level of $88.7 billion in 2007, propelled by high market prices for major crops, Washington still sent out over $5 billion of taxpayers' money in "direct payment" farm subsidies to over 1.4 million recipients," said Ken Cook, president of EWG. "Over 60 percent of the subsidy was pocketed by just 10 percent of the recipients-the largest and generally wealthiest subsidized farming operations in the country."

america could be a great farming country again, without the government taking money away from workers to give to farming corporations. america has a lot of tangible assets and great potential if the government would get out of the way.

Again, the problem is the corporate farming operations, not the subsidies.

We already saw what happened without farm subsidies (see agriculture right before Great Depression, Dust Bowl).

Farms are NOT going to produce food for less then it cost to grow it.
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Old 05-28-2009, 07:25 AM
 
Location: Portland, Oregon
7,085 posts, read 12,050,618 times
Reputation: 4125
Quote:
Originally Posted by rubber_factory View Post
To be fair, he claimed he wasn't a professor. These say that the is the director of strategic planning. I don't know that these are the same thing.
True, though he doesn't seem to be on the Wharton staff at all that I can find...professor or director.

Penn Business Services Division (BSD) - Faculty / Staff Directory
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