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  1. #1
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    Obama launches 170 million dollar bailout of farmers hurt by the drought

    The Obama administration has announced that it will provide a $170 million emergency bailout for drought-hit farmers by buying up pork, lamb, chicken and catfish.

    The desperate measure comes after the worst drought in the U.S. in half a century destroyed one-sixth of the country's expected corn crop - a staple for feed - over the past month.

    Agriculture Secretary Tim Vilsack said the purchases will stock food banks and other federal food nutrition programs, while helping producers struggling with the high cost of feed.
    Concerned: U.S. President Barack Obama speaks after he tours the McIntosh family farm to view drought-ridden fields of corn in Missouri Valley, Iowa, today



    The announcement came as Obama criticized Republican vice presidential candidate Paul Ryan for blocking a farm bill that could help farmers cope with the devastating drought.

    Obama touted his efforts to help farmers as he began a three-day tour of drought-hit Iowa, a political swing state that the Democrat hopes to win in the November 6 election.

    'So if you happen to see congressman Ryan, tell him how important this farm bill is to Iowa and our rural communities,' Obama said in remarks to be delivered in Council Bluffs, on the Missouri River on the western edge of Iowa. 'It's time to put politics aside and pass it right away.'



    As the House Budget Committee chairman, Ryan has demanded large cuts in Farm Bill spending, including food stamps for the poor. He was also campaigning in Iowa on Monday, two days after being chosen to be Republican presidential candidate Mitt Romney's running mate for the election.

    Ryan voted for a $383 million livestock disaster aid bill that the House passed on August 2 before a five-week recess. A Romney campaign spokesman said 'no one will work harder to defend farmers and ranchers than the Romney-Ryan ticket.'

    Under the plan announced by Obama, the Agriculture Department will buy pork, lamb, chicken and catfish with money from an emergency fund for responses to natural disasters. The food will be sent to assistance programs, such as food banks.



    The president will also direct the Department of Defense, a large purchaser of meat, to 'encourage' its vendors to speed up purchases of lamb, pork and beef and freeze it for later use.

    'This is a win-win. Farmers and ranchers will have an opportunity to sell more of their products at this critical time and taxpayers will get a better price on food that would have been purchased later,' a White House official said.

    'The president has directed his administration to continue exploring every possible avenue to provide relief to communities struggling with this historic natural disaster.'

    Obama's administration is also giving farmers and ranchers access to low-interest emergency loans, opening more federal land for grazing and distributing $30 million to get water to livestock.

    Many ranchers have sold off livestock as feed costs rise and their pastures dry up. The selloff is expected to lead to lower prices through December with a glut of meat on the market, but higher costs beginning next year.

    Severe drought across the nation's midsection has sent corn prices soaring by nearly 23 percent. More than half of all U.S. counties have been designated primary disaster areas this growing season, mostly due to drought.





    Obama will tour an Iowa farm to view the effects of the drought. The state's economy is heavily dependent on agriculture.

    Last week the governors of two poultry-growing states, Maryland and Delaware, asked the Obama administration for relief from the requirement to use corn ethanol in gasoline, saying corn is needed to feed livestock.

    Iowa is one of a handful of political swing states, including Ohio, Florida, and Colorado, that could hold the key to victory in his race with Republican Mitt Romney for the White House.

    First lady Michelle Obama was expected to join the president for events in Dubuque and Davenport on Wednesday.
    http://www.dailymail.co.uk/news/arti...t-farmers.html

  2. #2
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    So when they had record profits the previous years, and corn is 7 bucks a bushel right now, and will continue around there threw the first quarter where farmers can sell next years crop, they will pay this back right? They better. This like other bailouts is so BS.

    Whatever happened to capitalism in this country. Sometimes you go under threw no fault of your own. It happens it's worth the risk. Why can people get into business with no downside. It's a horrible horrible trend in this country, and the fact that farmers are already the most subsidized only ads more insult to injury.

    Pathetic

    BTW Obama isn't the first to do this in any industry and especially the farming industry and it doesn't make it right because he's not the first. They were all wrong.

    Also bailing out the farmers sure as hell isn't going to help the person at the grocery store buying groceries.
    Therefore he doesn't exist
    So poof...vamoose son of a b itch

  3. #3
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    Quote Originally Posted by behindmydesk View Post
    So when they had record profits the previous years, and corn is 7 bucks a bushel right now, and will continue around there threw the first quarter where farmers can sell next years crop, they will pay this back right? They better. This like other bailouts is so BS.

    Whatever happened to capitalism in this country. Sometimes you go under threw no fault of your own. It happens it's worth the risk. Why can people get into business with no downside. It's a horrible horrible trend in this country, and the fact that farmers are already the most subsidized only ads more insult to injury.

    Pathetic

    BTW Obama isn't the first to do this in any industry and especially the farming industry and it doesn't make it right because he's not the first. They were all wrong.

    Also bailing out the farmers sure as hell isn't going to help the person at the grocery store buying groceries.
    Nice rant, BMD.

  4. #4
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    Quote Originally Posted by behindmydesk View Post
    So when they had record profits the previous years, and corn is 7 bucks a bushel right now, and will continue around there threw the first quarter where farmers can sell next years crop, they will pay this back right? They better. This like other bailouts is so BS.

    Whatever happened to capitalism in this country. Sometimes you go under threw no fault of your own. It happens it's worth the risk. Why can people get into business with no downside. It's a horrible horrible trend in this country, and the fact that farmers are already the most subsidized only ads more insult to injury.

    Pathetic

    BTW Obama isn't the first to do this in any industry and especially the farming industry and it doesn't make it right because he's not the first. They were all wrong.

    Also bailing out the farmers sure as hell isn't going to help the person at the grocery store buying groceries.


    I wish I could open up a department store and get bailed out when people didn't buy my ****.

    EBOLA EBOLA EBOLA

  5. #5
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    Quote Originally Posted by Buckwheat View Post


    I wish I could open up a department store and get bailed out when people didn't buy my ****.
    Or start an oil company.

  6. #6
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    I don't like bailouts, but this makes sense to me. You have to protect the farmers. They aren't getting bailed out because of poor business decisions (unless farmers control rain).

    Also this seems to be a win for everyone. This isn't affecting the tax-payers, it is coming out of a natural disaster emergency fund (which a drought can be considered). It helps the farmers continue to pay for feed since corn projections are down drastically this year. The bailout is being used to purchase a product (meat) that will be used to help out others as well (food banks).

    This doesn't seem to be a bailout to help the selfish and poor business decisions made by a company.

  7. #7
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    Quote Originally Posted by behindmydesk View Post
    So when they had record profits the previous years, and corn is 7 bucks a bushel right now, and will continue around there threw the first quarter where farmers can sell next years crop, they will pay this back right? They better. This like other bailouts is so BS.

    Whatever happened to capitalism in this country. Sometimes you go under threw no fault of your own. It happens it's worth the risk. Why can people get into business with no downside. It's a horrible horrible trend in this country, and the fact that farmers are already the most only ads more insult to injury.

    Pathetic

    BTW Obama isn't the first to do this in any industry and especially the farming industry and it doesn't make it right because he's not the first. They were all wrong.

    Also bailing out the farmers sure as hell isn't going to help the person at the grocery store buying groceries.
    Going under is not the problem here, the problem is millions of people are affected by the farming. Food is a needed. If theres one spectrum I'm ok with its subsidizing basic needs.

  8. #8
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    Quote Originally Posted by behindmydesk View Post
    so when they had record profits the previous years, and corn is 7 bucks a bushel right now, and will continue around there threw the first quarter where farmers can sell next years crop, they will pay this back right? They better. This like other bailouts is so bs.

    Whatever happened to capitalism in this country. Sometimes you go under threw no fault of your own. It happens it's worth the risk. Why can people get into business with no downside. It's a horrible horrible trend in this country, and the fact that farmers are already the most subsidized only ads more insult to injury.

    Pathetic

    btw obama isn't the first to do this in any industry and especially the farming industry and it doesn't make it right because he's not the first. They were all wrong.

    Also bailing out the farmers sure as hell isn't going to help the person at the grocery store buying groceries.
    /thread
    Son, you just don't get it, i'm talking bout TWTW!

  9. #9
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    Quote Originally Posted by kjoke View Post
    Quote Originally Posted by behindmydesk View Post
    So when they had record profits the previous years, and corn is 7 bucks a bushel right now, and will continue around there threw the first quarter where farmers can sell next years crop, they will pay this back right? They better. This like other bailouts is so BS.

    Whatever happened to capitalism in this country. Sometimes you go under threw no fault of your own. It happens it's worth the risk. Why can people get into business with no downside. It's a horrible horrible trend in this country, and the fact that farmers are already the most only ads more insult to injury.

    Pathetic

    BTW Obama isn't the first to do this in any industry and especially the farming industry and it doesn't make it right because he's not the first. They were all wrong.

    Also bailing out the farmers sure as hell isn't going to help the person at the grocery store buying groceries.
    Going under is not the problem here, the problem is millions of people are affected by the farming. Food is a needed. If theres one spectrum I'm ok with its subsidizing basic needs.
    and none of this will keep food prices down
    Therefore he doesn't exist
    So poof...vamoose son of a b itch

  10. #10
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    The vegetables in my backyard didn't grow either.
    Waiting for my million dollar bailout

  11. #11
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    Living in the mid-west, most farmers around here too have insurance for crop failures, which I believe is run through the government.

    From what I've read, the main criticism President Obama was making is that farm subsidies should continue. Most of those subsidies go toward large businesses though.

    "Obama’s Off Key Farm Subsidies Pitch"

    http://www.commentarymagazine.com/20...tch-paul-ryan/

    snippet from Jonathan Tobin's article:

    The Obama campaign is in full attack mode this week, and President Obama’s campaign speech in Iowa today shows the level of cynicism in the Democrats’ attempt to bash Republican vice presidential candidate Paul Ryan. While stumping in the Hawkeye state, the president criticized Ryan for blocking a farm aid bill that is before the Congress and which he described as vital to helping rural communities survive both drought and an economic downturn. But does Obama really think voters are dumb enough to believe this?

    The president’s Agriculture Reform, Food and Jobs Act isn’t a legislative equivalent of a farm aid concert. It is a mini-stimulus package aimed at playing favorites in the agriculture industry and represents exactly the sort of massive government spending that both sides in last year’s budget impasse agreed could not be sustained. But the farm bill isn’t just yet another example of the Democrats’ penchant for crony capitalism; it is also an attempt to preserve farm subsidies that virtually everyone in Washington knows are an unsustainable boondoggle that represent the worst in patronage politics. Far from the president’s championing of this issue being part of a coherent plan to demonize Ryan, his backing of farm subsidies merely illustrates why Ryan’s reformist ideas are needed now more than ever.


    To highlight his supposed concern for farmers, the administration today ordered a $170 million government meat purchase aimed at appeasing voters in agricultural states and ensuring the president a warm reception in Iowa. But the issue at stake here isn’t a hard-hearted Ryan presenting an obstacle to suffering farmers as the president says but rather the shockingly cynical manner in which the Democrat seeks to buy farm votes with government largesse....

  12. #12
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    Quote Originally Posted by behindmydesk View Post
    So when they had record profits the previous years, and corn is 7 bucks a bushel right now, and will continue around there threw the first quarter where farmers can sell next years crop, they will pay this back right? They better. This like other bailouts is so BS.

    Whatever happened to capitalism in this country. Sometimes you go under threw no fault of your own. It happens it's worth the risk. Why can people get into business with no downside. It's a horrible horrible trend in this country, and the fact that farmers are already the most subsidized only ads more insult to injury.

    Pathetic

    BTW Obama isn't the first to do this in any industry and especially the farming industry and it doesn't make it right because he's not the first. They were all wrong.

    Also bailing out the farmers sure as hell isn't going to help the person at the grocery store buying groceries.
    Yep. This sucks. Not surprised that Obama would do something stupid, though. On top of that, this drought was awesome for the South Carolina farmers because the weather here was fine, and they were going to rake in the cash.

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