Quote:
Originally Posted by thelegges
Unless one has experience with farming, the lows and the extreme lows of no rain, too much rain, not enough seasonal pickers. Crops fail, too much crops and no buyers. Up at 3am, no breaks until cows are milked, fed, fences checked, where are the chickens hiding.
The highlight your 17yo got a 4 year scholarship to anywhere, so eventually they can feed their family and not worry about where the money will come from, and how are you going to get seeds when you still have debt from 4 years ago.
That’s why 4th gen farms go up for sale. Parents don’t want watch their kids work 70-80 hour weeks.
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The United States Government has appropriated a little over $42 BILLION dollars for farmers this year.
Conservation and Safety-Net Programs:
The USDA announced the distribution of over $2.14 billion to agricultural producers and landowners through programs like the Conservation Reserve Program, Agriculture Risk Coverage (ARC), and Price Loss Coverage (PLC).
Emergency Commodity Assistance Program (ECAP):
The USDA's Farm Service Agency (FSA) allocated up to $10 billion in direct payments to eligible agricultural producers for the 2024 crop year through ECAP.
Economic Assistance:
Congress passed a stop-gap funding bill that included $10 billion in economic assistance for farmers, aiming to mitigate the impact of lower commodity prices and high production costs
.
Disaster Assistance:
Congress also allocated $20 billion in farm aid for natural disasters, with the USDA releasing more details on this aid, including funding for livestock losses due to events like drought and flood.
Distressed Farm Loan Assistance:
The USDA also provided final assistance of approximately $300 million to distressed direct and guaranteed farm loan borrowers under the Inflation Reduction Act.