An article in the Capital Press : http://www.capitalpress.com/dairy/CRD-dairy-finance-w-logo-010711
with the headline, "Wells Fargo: Credit still flowing" is hard to believe. For all practical purposes, banks have cut dairies off. Equity is gone.
From the late 1800s:
http://www.lizlyle.lofgrens.org/RmOlSngs/FarmerManTab.pdf
When the farmer comes to town
With his wagon broken down,
The farmer is the man who feeds them all.
If you'll only look and see,
I am sure you will agree,
The farmer is the man who feeds them all.
The farmer is the man (x2)
Lives on credit till the fall,
Then they take him by the hand,
And they lead him from the land,
And the middleman's the man who gets it all.
When the lawyer hangs around
While the butcher cuts a pound,
The farmer is the man who feeds them all.
And the preacher and the cook
Go a-strolling down the brook,
The farmer is the man who feeds them alt.
The farmer is the man (x2)
Lives on credit till the fall.
With the interest rate so high,
It's a wonder he don't die;
The banker is the man who gets it all.
When the banker says he's broke,
And the merchant's up in smoke,
The farmer is the man who feeds them all.
It would put them to the test
If the farmer took a rest.
The farmer is the man who feeds them all.
The farmer is the man (x2)
Lives on credit till the fall,
His clothes are wearing thin,
His condition is a sin;
He's forgot that he's the man who feeds them all.
Butter up 40 cents in three days on minimal or no trades. I'm not complaining but it goes down just as fast on minimal or no trades. How can what a farmer is paid for his labors be predicated on the whims of traders day by day? The government says farmers must be paid an amount that is set by the government, but the real price is set by traders.
ReplyDeleteWhat this is really called is closing the gap between our price and the higher world price. Lets embrace this new global market. It adds to our volitilty and helps buffer our thinly traded markets from manipilating us into the red on a consistant basis. Unfortunately the global market is all we have because our Government will can't do anything right and will let the status quo continue. Dairy will never get the real attention it needs to correct our disfunctional domestic markets. Globalism actually can be looked at positively in a land of political dispair.
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