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In reply to the discussion: USDA considering economic aid for farmers this fall, says secretary [View all]Farmer-Rick
(12,072 posts)How did I miss out on that? Like any occupation, their are billionaire fat cats looking to invest their dead relatives money and middle class people working to make a living.
The margins are very small for traditional farmers.
The billionaire farmers are in corn, wheat, soybean and rice mostly in the midwest. There are some farmers who raise pigs for the Chinese markets. They are more likely to be raising pigs for a corporation that makes most all the profit. The same for chicken in the US. If you raise chickens for Tyson forget about getting much profit. Beef is popular around here and raising cattle is another frequently corporatized farming system. But the farmers raising cattle, or other farm products to sell at auctions are definitely not millionaires.
These grain producers grow it mostly for export. Their markets are mostly outside the country. These are the farmers pedo Trump bails out. He may also bail out Tyson chicken and the Chinese pig farmers but that's to support the corporation. It doesn't go to individual farmers.
I'm a small farmer. I do a little of everything. I grow fruits, vegetables, eggs and meat. I have even grown saffron and other expensive herbs to get my sales up. I sell directly to Americans, no exporting. I don't do massive amounts of grains or livestock. And I have never gotten a bailout from uncle Sam. In fact, he keeps raising my tax bill. Just as I think I will have a good season, in comes pedo Trump to raise my taxes and cut a huge chunk of my profits.
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