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| Post Number: 31
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hot84svo 
Group: Members
Posts: 405
Joined: Jul. 2005
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Posted on: Mar. 13 2008,9:20 pm |
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For those who want to know about the current farm bill please review:
http://bennelson.senate.gov/documen....ams.pdf
It's a government document, not a focus or political program report.
I get the feeling that a few members have class envy and are suggesting it is a crime to have received farm payments.
The farm program payments are legal.
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http://www.youtube.com/watch?v=i06sv3-cZko
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| Post Number: 32
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| Post Number: 33
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Mamma
Group: Members
Posts: 1474
Joined: Aug. 2003
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Posted on: Mar. 14 2008,7:10 am |
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I think I missed something. How does 400 acres turn into $2,000,000? I'll bet if a farmer sold 400 acres he would not net anything near that. After the taxes and a nice slice for capital gains it wouldn't be that much.Somehow people that have not lived on a farm don't seem to understand how much expense is involved in this business. Farmers also pay taxes on every acre they own. I heard a gov. official say one time : The farmers pay to educate the doctor's sons.
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A conclusion is simply the place where you got tired of thinking.
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| Post Number: 34
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RET
Group: Members
Posts: 262
Joined: Apr. 2004
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Posted on: Mar. 14 2008,7:51 am |
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Yes Mama farmers do pay tax on their land but not to the extent that non farmers do. My neighbor pays about 2/3 of what I pay in property tax, it should be noted however he is taxed on 74 acres and I am taxed on 5. Additionally I receive a tax break for being permanently and totally disabled, without that he would not even be paying half of what I do and our land is less than 200 feet apart.
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[B]
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| Post Number: 35
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TameThaTane
Group: Members
Posts: 6300
Joined: May 2005
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Posted on: Mar. 14 2008,8:18 am |
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What mamma can't understand is this issue is well known.
60 Minutes did a piece on it not long ago showed the program has morphed and changed from what it was intended to be. How large farmers would split up their land into smaller parcels to milk the system. How large farmers benefited most. Still we waste all kinds of money on the federal level. Why shouldn't the Midwest get a piece? But I say the farmers must split it with us and help us lower property tax in the city. YES they should be able to "steal" to get large amounts of free money only if they share it with me. If not, I say we stick it to em!
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My choice is what I choose to do,
And if I'm causing no harm, it shouldn't bother you.
Your choice is who you choose to be,
And if you're causin' no harm, then you're alright with me.
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| Post Number: 36
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Common Citizen
Group: Members
Posts: 4818
Joined: Jul. 2006
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Posted on: Mar. 14 2008,8:32 am |
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(Mamma @ Mar. 14 2008,7:10 am)
QUOTE I think I missed something. How does 400 acres turn into $2,000,000? I'll bet if a farmer sold 400 acres he would not net anything near that. After the taxes and a nice slice for capital gains it wouldn't be that much.Somehow people that have not lived on a farm don't seem to understand how much expense is involved in this business. Farmers also pay taxes on every acre they own. I heard a gov. official say one time : The farmers pay to educate the doctor's sons.
Land has sold for over $5000 an acre, some more and some less, so: 400x5000 =2,000,000 on paper, after taxes it would be 1,700,000 if the cost basis is zero. Sorry I wasn't more specific. I was generalizing my figures.
I did not bring into the fact expenses, costs, overhead, taxes, etc.. because all businesses incur those costs, so it was a moot point.
I have lived on a farm. Now I work with farmers. I have farmers that are close friends. I know what costs there are associated with farming. But to try and have an honest discussion about this always brings out the tapping shoes in them.
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| Post Number: 37
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ICU812
Group: Super Administrators
Posts: 3244
Joined: Aug. 2003
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Posted on: Mar. 14 2008,10:03 am |
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My thought on the corn subsidy thing is:
Why does corn need to be subsidized?
300,000,000 people a day use it, just in the US, it is used everywhere, everyday.
I have no problem that it is, if it has to be but why does it with such a huge customer base?
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| Post Number: 38
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usmcr
Group: Members
Posts: 922
Joined: Sep. 2003
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Posted on: Mar. 14 2008,10:08 am |
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imho: in one word " polotics "!
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"Do not confuse dissent with disloyalty" Edward R Murrow
Memento homo quia pulvis es, et in pulverem veverteris
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| Post Number: 39
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Common Citizen
Group: Members
Posts: 4818
Joined: Jul. 2006
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Posted on: Mar. 14 2008,10:41 am |
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There are a lot of farmer's that 'know' farming but are horrible at managing the business, but year after year they keep plugging along. If it weren't for the subsidies would these farmer's still be able to farm.
The farmer's that I see growing are great at managing their business. Are we still subsidizing these as well?
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| Post Number: 40
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Moparman
Group: Members
Posts: 684
Joined: Dec. 2005
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Posted on: Mar. 14 2008,2:25 pm |
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I have no idea what farmers you are talking to or about. Farming is not something that one can do by "plugging" along while being a horrible business person. In the past I traveled all over the country exhibiting at farm shows and attending grower meetings. I know for a fact that you cannot be a bad business person and run a profitable farm. Maybe if someone inherited the farmland, equipment, and a lot of cash could they do this, but not likely. How can you blame your farming buddies for not wanting to disclose their business practices? If you walked into any business and started asking questions about its taxes, expenses, and profits they would be evasive to. To say that expenses, costs, overhead, taxes, etc.. are incurred in all business and a moot point is also not quite right. You see if these increase a business can just pass that cost on to the consumer (price increases, surcharges, etc..) a farmer does not have that luxury. Sure prices are good now, but they could go down as well. As for the bigger farmers getting more money is a silly argument because obviously the more acres you run the more you will get. I will bet if you asked the best farmer/ business manager you know if they could make a profit without the payment their answer would be no.
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