Farmers Set To Receive $7 Billion In 2016 Subsidies – 10% Of Total Income
The USDA has announced it will pay $7 billion in “Agriculture Risk Coverage” and “Price Loss Coverage” (aka “subsidy”) payments to farmers this year as prices for most agricultural products, particularly corn, have remained depressed. At $7BN, subsidy payments will be equal to roughly 10% of the USDA’s forecast for aggregate farm income in 2016. Farm subsidies this year are up 35% versus the $5.2BN paid under the ARC/PLC programs last year.
While farmers of many different agricultural commodities receive support payments, as you can see from the payments by crop type made last year, the overwhelming majority of farm subsidies go to Midwest corn farmers.
Of course, subsidy payments have risen as corn futures have collapsed over 55% from their 2012 peak.
As a reminder, here is a quick recap of the overall financial health of America’s farmers. Real farm incomes in 2016 are expected to sink below 2010 levels which represents a 34% decline from the recent peak and 14% decline YoY.
Meanwhile farm debt continues to rise at an astonishing rate…
While farmer leverage has spiked to the highest level since the early 80s.
And of course, lower incomes means less money to spend on shiny new John Deere tractors with equipment capex expected to decline 31% YoY.
And finally, farmer returns have crashed to the lowest levels ever. We’re not sure about you but a 2% ROIC seems a “little low” even in our current rigged interest rate environment. So, there’s only a couple of ways to fix that problem…either commodity prices have to recover quickly or farmland prices need to come down substantially. Which do you think will happen first?
Source: http://silveristhenew.com/2016/10/05/farmers-set-to-receive-7-billion-in-2016-subsidies-10-of-total-income/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Lion’s Mane Mushroom
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes:
Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.
Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.
Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.
Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.
Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules. Today Be 100% Satisfied Or Receive A Full Money Back Guarantee Order Yours Today By Following This Link.