Part 3: Farmers' safety net is now a money bag

  • Article by: JENNIFER BJORHUS , Star Tribune
  • Updated: July 5, 2012 - 6:44 AM

Many crop insurance policies guarantee a profit, which, some say, feeds competition - and boosts prices -- for cropland. Who pays? Taxpayers.

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hobie2Jul. 4, 1210:03 PM

What? The new program increases the cost of cropland, and the big financial institutions are now buying up farmland?... So the new program protects the farmers - and consumers - from price swings, just like the old program... right.. sure it does.. that is why the financial institutions suddenly started buying dirt... that crowd only buys for two reasons - profit, and leverage for profit... and the banks ain't growin corn..

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alanam8Jul. 4, 1211:11 PM

Drive up land prices ... and drives up food prices. This is the worst corporate welfare imaginable: protect wealthy farmers from price swings and thereby expose middle-class consumers to artificially-inflated food prices. Shame on Collin Peterson and anybody else in Congress who votes for this welfare program.

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gopher68Jul. 4, 1211:19 PM

Nice job, Collin. Every time I wonder why someone would support the Tea Party platform, an article describing how certain people take advantage of tax payers helps me remember why. This is ridiculous. I think the Tea Party platform is not sustainable, but stories like this just keep it going.

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kruzelcJul. 4, 1211:56 PM

Once again, someone giving away my taxes without my permission. If this was even REMOTELY a good idea, why isn't some private organization touching this with a 10 foot pole?

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pondertimeJul. 4, 1211:57 PM

How do you become a farmer. You are born into it. Unless you are born into it or have a ton of money it is darn near impossible to become a farmer.

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beavis38Jul. 5, 1212:03 AM

Check out this website that lists the amount each farmer gets from our tax dollars. http://farm.ewg.org/

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doots799Jul. 5, 1212:32 AM

The entire relationship between the Federal Government and agriculture is corrupt and needs a MAJOR housecleaning.

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jarlmnJul. 5, 1212:37 AM

Ironically, many of these farmers are probably political conservatives who probably sit around lambasting people getting welfare and food stamps, etc.

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fonzi3Jul. 5, 12 1:03 AM

The crop insurance program benefits the largest famers the most - the ones who need it the least. Cap the amount of subsidies/subsidized insurance that the large farmers receive. For some reason, farming doesn't seem all that different than other industries, where the largest businesses have the biggest lobby. Sound familiar?

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norselandcJul. 5, 12 6:24 AM

Farmers have had two great years in a row and made lots of money. The last great year was 1973. Just because farmers are flush now, don't think it is time to quit guaranteeing their solvency. Farms are not factories producing widgets. They produce the necessary sustenance for life for an average of one hundred people who do not live on farms. It is in the interest of all of us to keep farms and farmers financially healthy. But it is true that many farmers are conservatives and agribusiness is getting bigger and bigger. Due to many economic factors, small farms are nearly a thing of the past. To get more small operators reaping the benefits of subsidization, farm policies must change to remove penalties for growing non-dominant commodity crops. All in all, this is a very weak article.

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