RIP Ted Turner
- Thread starter Charlie Marlow
- Start date
Like I already stated. The old guys who sold aren't the ones pissing & moaning.
The ones who are pissing & moaning aren't the ones who sold.
With their fireman pay + side construction gig. It's possible.
Farmers LOVE handouts...and also love to vote against anyone else getting help.
This is why I don't feel bad when I do my taxes and claim that I spent 500 dollars on classroom supplies. Which of course, I have never spent 1 dollar on supplies! These first graders DO NOT NEED a well decorated classroom.
This is why I don't feel bad when I do my taxes and claim that I spent 500 dollars on classroom supplies. Which of course, I have never spent 1 dollar on supplies! These first graders DO NOT NEED a well decorated classroom.
I know it's hard not to love "free" money and to think you've somehow earned or deserve it over other demographics, but from roughly 2010-2015 and 2020-2022 I know many farmers who didn't even want the gov't subsidies.
Give me a break. You are trying to act like the young farmers moved from New York City and are starting from scratch. You and I both know that isn't how it works. You are using dad's equipment. Dad's shop. Old timers could rent to the young kid down the road when they retire.... or they could rent to the millionaire who pays top dollar....
Does USDA have loan programs for young farmers?
Let's be real, old farmers b*tch about everything.
I can only assume that those farmers that you know, that did not want the free money, either refused to accept it and/or gave it back.
Right??? Like some native bronx kid realizes he is not going to make it in acting and decides to go buy a farm in the midwest.
Didn't want to but still took them? Farm outside the USDA program. True capitalism!
I get calls weekly from guys in their 20s trying to rent ground. I’m not quite ready to hang it up but will rent it to a young guy trying to get going when I quit. There are 3 young guys right now who are top of my list. One bought an 80 from his grandpa 2 years ago. It’s almost impossible to get started. All of them have dads who are too young to retire. Most have brothers who would like to farm as well.
Appreciate the insight!
When you rack and stack an income statement - what kind of profit margins does a farm operate at (average 3 years or so). I’m genuinely curious as I have no idea.
When farm owners make their income statements do they take a salary or is the profit of the farm considered their salary?
I have a friend who inherited land and he just leases it out...makes like 150K a year just leasing it out. I have no idea how much land that would be.
They don't have to be from NYC. They could be from Ravenna, NE who enjoys farming, but doesn't have family who farm (therefore no equipment to just use).
Yes, they could use dad's equipment, but that equipment won't be enough when you add 1,000 acres. You'll need another tractor, bigger planter, etc.
You think when old timers get out of farming and sell their land, they keep all of their equipment? Haha, ho-lee-****!
USDA loan program. Still a loan, still need a down payment, still puts you in a huge hole when your ROI is very slow & uncertain in most years.
Not sure why you buy into this guy's really stupid examples?? I'm not even saying some native Bronx kid. Just use a kid from Yutan, Fremont, Mead, Ashland, Blair, etc...
Not capitalism at all. No idea why you think it is.
Didn't you say earlier that the 2014 Farm Bill stopped direct payments? Either way, many that I know gave a lot more to charity those years. Mostly because they're conservatives so they actually give to the less fortunate at a much higher rate.
Like any other old fart. Farmer or not.
Good questions. I have no idea, haha. Especially on the profit margins.
You have to treat your farm / ranch like a business. You need to put it in a corporation or LLC so from there, I'm sure the farmer would pay themselves a salary. Any sort of large profit goes to pay down / off a note, buy more equipment or buildings, or pay themselves a profit distribution.
If I had to guess (which could be way off), that's 550-750 acres. Assuming it's irrigated farmland here in Nebraska. A nice chunk to inherit.
Good luck acquiring land in those places these days. Those are suburbs where the primary crops are houses and cul de sacs.
I know farming isn't capitalism, it's a form of socialism. Which is fine, if they admit it. Most won't.
It did stop direct payments. The subsidies were shifted to other safety nets like disaster payments, price floors, and subsidized crop insurance. Back in the day you got a payment just for simply farming an acre. Didn't matter if you had record yields with record high prices. Walk into the USDA office, show you planted those acres, and you got a check.
Thank god we are bringing that back with these bridge payments. Just what this country needs. More handouts.
Most farmers I know built new shops, and some new bins. To avoid taxes.
Yeah, a lot set up multiple businesses, so they can get more government money once they reach caps.
Kid from Yutan better marry the farmers daughter. Same as if I want to own the local private grocery store. No one is giving me millions to buy it at 19 years old with no capital.
I worked for a guy in college...one of my jobs was to cut big weeds on one of his pieces of land that the "government was paying him money to NOT grow crops on"
Oh yeah, ask if he paid a good wage and ask if he paid us OT when we worked over 40 hours in a week...
My best friend is from Ames . She approached Turner at the Olympics and told him she was going to be his personal Assistant. He hired her a week later.
Turner liked people from the Midwest and hired her. In the early days he pushed her to reuse postage stamps- he was that cheap. She liked him overall ok guy.
When turner married Fonda- he moved left and she was a real witch, bossy. My friend quit, her resume based on Turner got her similar gig with fortune 100 CEO. She like Turner _ saw him 6 months before he died- he couldn’t communicate-dementia.
Turner liked people from the Midwest and hired her. In the early days he pushed her to reuse postage stamps- he was that cheap. She liked him overall ok guy.
When turner married Fonda- he moved left and she was a real witch, bossy. My friend quit, her resume based on Turner got her similar gig with fortune 100 CEO. She like Turner _ saw him 6 months before he died- he couldn’t communicate-dementia.
Damn right. And if his estate, or whatever corporate group or charity has it, ever sells it will be to another one percenter. Like this transaction. The billionaires don't sell their land off in smaller sections.
Govt subsidies are one of the things driving rents higher. They’ve removed a lot of the risk.
I know a fair number of guys who wouldn’t take the COVID stimulus checks. They didn’t vote for Joe.
That is true for some. We have many socialist programs in this country. Medicare. SOCIAL Security. Medicaid. To some extent some of the farm programs. Government subsidies ter mention has helped drive up land prices and rents.
How do you "not take them" didn't they just get sent to you and/or deposited? I can't even remember now.
For sure. I don't even know the process to return it, but I'm sure there's a way.
I don't need my parents to pay for lunch when we go out to eat, but I gladly accept it. But if they don't pay, I also wouldn't complain about it.
Unfortunately, with farm subsidies, it's not a "welp farmers are doing well this year so no subsidies". Its the government so they're going to pay out regardless.