The situation with the farmers and agricultural businesses is worse than is being reported. My dad is a farmer in Ohio who for the first time in his life is not planting his crops
Steve Quayle
Hi Steve
The situation with the farmers and agricultural businesses is worse than is
being reported. My dad is a farmer in Ohio who for the first time in his
life is not planting his crops and is taking no planting insurance. The
insurance will only be enough to maybe break even. The farmers who have
contracts to rent ground still owe the rent to the landowner even if they
aren't planting anything unless the landowner agrees to lower the rent for
the year. He said most of what has been planted hasn't been planted in
optimal ground conditions which will decrease yields and could have trouble
maturing and producing a decent crop.
Another big concern is having enough grain to feed livestock. The local
grain elevators have cancelled the sale of their current supply and are
scrambling to get enough grain for their livestock feeds they make. Hay is
also going to be in low supply. Alot of the alfalfa was killed off over
the winter. They still haven't been able to get in the fields for the first
cutting of the grass hay, which means the second cut might not be good if
they can't get the first cutting done. Another local farmer that raises
cattle said that if they can't get enough to feed their herd they will have
to get rid of them. Other local cattle farmers are looking to plant
sorghum for a sileage type feed.
That has to be planted by July 5 but the forecast is cool and wet here for
the next 2 weeks.
https://www.stevequayle.com/index.php?s=33&d=2270