Farm Policy Facts

 

The Latest News from Farm Policy Facts

Our View: ‘Get A Second or Third Job’ Is Not Sound Farm Policy

March 28, 2018

The Wall Street Journal recently published a provocative piece with a title that perfectly summed up the fallout from collapsing incomes in farm country.

That article, “To Stay on the Land, American Farmers Add Extra Jobs,” revealed a rarely-discussed phenomenon of farmers being forced to take second and even third jobs as they try to keep their family farms afloat.  

“Most U.S. farm households can’t solely rely on farm income, turning what was once a way of life into a part-time job,” the article explained, noting that 82% of U.S. farm household income is expected to come from off-farm work this year.

That’s because current commodity prices are depressed and haven’t kept up with inflation over the long haul.  Compounding the problem are climbing input costs, the Journal wrote.  

Chris Morrow was one of the farmers featured in the story. 

This 32-year-old Missourian “rises four mornings a week at 4:30 a.m. and drives an hour to his outside job at Herzog Railroad Services Inc., in Falls City, Neb.  He works a 10-hour shift inspecting inbound railcars in need of repairs.”

After work, and on the weekends, Morrow tends 350 acres of corn and beans and manages a small cattle herd.  According to the article, Morrow cannot focus solely on his life’s calling because his farm netted just $14,000 last year.

Reading Morrow’s story, it is hard not to think back to another –albeit wholly inaccurate – appraisal of off-farm income by the Heritage Foundation.

“Few farms truly rely on farm income,” the agricultural critic explained in 2016, making additional jobs sound like a luxury rather than a necessity.

While promoting the elimination of U.S. farm policy, Heritage went onto explain:

Agriculture has evolved so that off-farm income plays a critical role for farmers…. This is an excellent example of a private risk management tool that farmers frequently utilize. The financial health of agricultural producers demonstrates that they have means to build the costs of risk management into their business models.

Put another way, farmers are already working two or three other jobs to help support their family farms so they don’t need a Farm Bill or crop insurance to help them manage the unique, high-stake risks of agriculture.

What a load of manure.  “Get a second or third job” is not sound farm policy. 

Of course, most farm critics don’t need to get another job to survive.  Their deep-pocketed financers with anti-farm agendas take care of that.

But maybe they need to spend a few hours a week working on a farm.  Then they’d see the financial pain rural America is facing right now and the real need for smart farm policies.

_________________________________________

The Latest News from Farm Policy Facts
3509 Connecticut Avenue, NW, #1157
Washington, DC 20008
hello@farmpolicyfacts.org

Contact FPF | Like FPF on Facebook | Follow FPF on Twitter | Follow FPF on Instagram

 

NASS Crop Insurance Yields

NASS CROP INSURANCE YIELDS

 Click the logo below

 

DecisionMaxx Login

We at Williamson Insurance are pleased to announce the 1st release of Decision Maxx. Decision Maxx is our on-line tool designed exclusively to aid you, our clients, analyze: crop insurance, inputs, market prices, and market positions and it's affect on your bottom line. Contact your agent to help set up your FREE account. Williamson Insurance is committed to your success.

www.decisionmaxx.com

 

DecisionMaxx

Commentary
Corn -

Corn futures closed the Friday session with 4 3/4 to 5 1/2 cent losses. Front month May was down 2.52% since last Friday. Friday’s CFTC

Wheat -

Wheat futures settled Friday with most contracts 12 to 14 cents lower. Nearby CBT lost 1.96% on the week, with KC down 2.62% and MPLS 2.76% lower.

Ag Market Commentary -

Corn futures closed the Friday session with 4 3/4 to 5 1/2 cent losses. Front month May was down 2.52% since last Friday. Friday’s CFTC

Cotton -

Cotton futures posted 101 to 250 point gains in most nearby contracts to end the week, as May was up 2.47% since last Friday. The large money

Soybeans -

Soybean futures ended the day with losses of 7 to 8 3/4 cents, as nearby May was 2.42% lower on the week. Board crush margins expanded. Soy meal was

Lean Hogs -

Lean hog futures were mostly 20 to 67.5 cents lower on Friday. The CME Lean Hog Index was up 92 cents from the previous day to $55.97. The USDA pork

Full commentary...
InsideFutures

More news...
Like Us On Facebook

Market Overview
Quotes retrieved on April 20, 2018, 07:14:46 PM CDT
Local Weather

Payne, Ohio (45880)

Current Conditions: Sunny
Temperature: 56°F Dew point: 21°F
Humidity: 25% Pressure: 30.42 in. Hg
Wind: 3 mph From: East

Forecast

Friday

Hi: 53°
Lo: 34°
Saturday

Hi: 55°
Lo: 36°
Sunday

Hi: 60°
Lo: 37°
Monday

Hi: 64°
Lo: 44°
Tuesday

Hi: 62°
Lo: 45°

Zip Code:

© 2018 Freese-Notis Weather

Interactive Radar

Large Radar
Market Snapshot
Quotes retrieved on April 20, 2018, 07:14:46 PM CDT