![]() ![]() The rural propaganda machine is fed by corporations for which taxes and regulation are paramount. Yet the ethanol industry was seeded by Jimmy Carter and sustained by Tom Harkin and Tom Vilsack. Grassley went to Washington, but for those who survived it with grain in the bin he is all about protecting their position. Rural Iowa may have steadily eroded since Mr. Taxes and regulation are not the concerns of those who are flushed out, but those who are flush.Īgriculture has been so consolidated that the remaining players who can bid $20,000 while holding onto corn against a premium find the government to be their adversary. One must assume that our three Republican Members of Congress will be re-elected. The legislature looks to remain under GOP control. We’re going into a midterm election seeing Chuck Grassley and Kim Reynolds with solid leads. Some have their seed corn caps strapped on too tight. Why the “Let’s Go Brandon!” cheers from the back 40? Why not a farm bill with a strong conservation title? How has Iowa been done wrong? Why is getting paid not to farm into the river something to scorn? Vilsack just announced $3 billion in “climate-smart” projects that will pay farmers generously for conservation initiatives. Biden (with an assist from Tom Vilsack) averted a rail strike that would have hobbled agriculture at harvest. Deere is profitable and just signed a new union contract. Soybeans being harvested north of Alta on Sept. Folks remember Jimmy Carter’s Soviet grain embargo - it would be our ruination! - but forget that it was a record year for grain exports. The Dust Bowl died down thanks to FDR and Sioux Citian Harry Hopkins. Happy days returned to the farm with the alphabet soup agencies and the New Deal. ![]() That’s all I can figure, because when Democrats are in the White House farmers tend to do better. Taking a payment to plant grass near the river is another chip in the foundation of freedom, the gospel goes. They believe Barack Obama wanted to steal their guns and their property rights by regulating creeks and ditches. Farmers fear taxes more than they like increased exports and income, obviously. It could be a dead heat.Īll that cash employed at bidding up land in Northwest Iowa is subject to tax. Beijing has been in the buying mood post-Trump, too.įarm net worth has been rising faster than the rate of inflation. The Iowa Corn Growers just came home with a big sale from Taiwan. Trade with Asia, generally and China specifically, is up with Biden. Trump responded by showering cash on farmers, meatpackers and traders. So why no love on the farm for Joe Biden?ĭonald Trump started a trade war with China, which rocked soybean growers and pork exporters. Interesting that the high points come during Democratic administrations. In Iowa, net farm income has been increasing every year. That’s after paying for higher fertilizer, chemical, seed and fuel costs. Net farm income this year is expected to rise 5%, according to the USDA Economic Research Service forecast last month - up 45% from 2020. Land is selling in the neighborhood of $20,000 per acre, rising interest rates be damned - that’s the power of accumulated cash. ![]() Prices remain strong, with premiums popping up on spot localized shortages. It’s going to be a banner year around here despite the drought and all the other troubles.Ĭorn is coming in at over 200 bushels per acre. ![]()
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