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How much will a crop failure cost the federal government in farm subsidy payments?
Certainly going to be problematic. Even so, this will still be around the third largest crop ever produced. So they might institute measures to balance it out.
How much will a crop failure cost the federal government in farm subsidy payments?
Not a dime. It will be covered by crop insurance, which is privately purchased. Increase corn prices will be passed on to the consumer in the form of higher food prices.
I live in an area along the CT River, VT/NH border that is FULL of corn fields... usually. Last year Irene flooded those fields with 8 feet of water and 2 feet of silt. Much of last year's corn crop was lost to the storm, plowed under due to mold and such.
This year almost none of those fields are planted with corn. Many are just set up with hay and others are growing alternate grain crops this year. While the current drought would have hurt, it looks like most have abandoned corn for this year at least due to the storm damage.
I understand the drought out west is a potential farming nightmare right now.
How much will a crop failure cost the federal government in farm subsidy payments?
You can't even eat industrial corn, it has to be processed and put into foods in a mix because it is bad for you at this point.
They were feeding it to cows and they had it disolve out of the cows killing them.
Don't you love science.
There has been dust bowls within the last hundred years, so weather gets wet and then dry. Welcome to the planet.
Not a dime. It will be covered by crop insurance, which is privately purchased. Increase corn prices will be passed on to the consumer in the form of higher food prices.
Exactly.
That's what all these non-farmers don't understand. You could ask the OP what he knows about "target pricing," and you'd get a deer-in-the-headlights look.
You can't even eat industrial corn, it has to be processed and put into foods in a mix because it is bad for you at this point.
They were feeding it to cows and they had it disolve out of the cows killing them.
Don't you love science.
There has been dust bowls within the last hundred years, so weather gets wet and then dry. Welcome to the planet.
Cuckoo! Cuckoo!
There is not one, single, factually accurate comment in this post.
I already avoid foods that contain corn (that don't need to), so my food prices have already gone up :-)
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