(Commentary by Rick Gibson, NAU Country)
After listening to the news yesterday and this morning, I remembered a quote that I had heard many years ago that can be very easily applied to today’s financial problems.
“A BILLION HERE, A BILLION THERE AND PRETTY SOON YOU ARE TALKING BIG MONEY!” Does anyone remember who this quote was attributed to? A little research indicates “this person” did not originate this quote; however, when “this person” was asked about it, he commented, “I was misquoted, but it sounded so good I never denied it.” So whose quote is it? There are no prizes for knowing the answer, unless someone can convince John McDermott to pony up something big for the first correct answer!
At home we are attempting to implement a sequester for an $85 billion reduction in spending, yet they have announced $60 million in aid to Syrian rebels and Secretary Kerry announced a $250 million aid package to Egypt.
The National Association of Farm Service Agency Employees (NASCOE) has not given up. In a recent announcement, FSA county employees want to administer crop reports and a conservation program.
The requirement that crop insurance agents report CLU’s is a concern of mine, as I can see no positive reason that they add substance to the crop insurance program. Again, it only makes crop insurance similar to FSA reporting.
At the Commodity Classic in Kissimmee, Florida this past week, the top issue by the NCGA delegates was to continue a revenue protection program. Corn delegates chose a federally subsidized crop insurance program if they were forced to have only one program. NCGA delegates indicated that 93% currently purchase crop insurance; 65% use revenue protection. A tie to conservation compliance would negatively impact their operations. With the recent criticisms of the Harvest Price
Option by certain ag economists, I think we will see significant support from the farmers who purchase the harvest price policies and pay the premium. Speaker Boehner, in a Piqua, Ohio meeting with over 200 farmers, discussed the sequester, continuing resolution to fund government on March 27th and the Farm Bill.