‘A real farm crisis’: Illinois farm bankruptcies rise for 3rd straight year – Capitol News IL

For Illinois, the crisis is playing out as lawmakers just finished a budget session that delivered few meaningful results for an industry under siege.
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JackBolly
1 month ago

Economic suicide for taxpayers to prop up people growing frankenstein corn for taxpayer subsidized ethanol on rented ground. Get government out of ethanol.

Last edited 1 month ago by JackBolly
1 month ago

The linked article says “Joana Colussi, a research assistant professor of agricultural economics at Purdue University, citing Purdue data. ‘Eighty percent of the farmers in the Midwest, they rent the land.’” I can’t find anything in the Purdue data supporting this. US Census of Agriculture 2022 says less than 50% of Indiana, Illinois, and Iowa farms have any land rental expenses at all. (Of course those who own land might have overextended themselves).

James
1 month ago
Reply to  taxpayer

It’s probably true that both comments are right or close to it at least, and that one writer’s search criterion was simply different than the other’s. You may be thinking, perhaps, that the statement refers only to people who have rental contracts in their operations. There may well be some that operate that way, but there are LOTS more IL farmers who have landlords who want different kinds of contracts that avoid the cash-certain concept of the word “rent.” Each such contract offers/requires some “skin in the game” terms that require the property owner to participate in the costs of… Read more »

Your dime, your dance floor
1 month ago
Reply to  James

That was a very well thought out analysis on one of the important issues discussed the article. It would be nice to see more comments like this in the comments section.

James
1 month ago

TY

David F
1 month ago

Guess they will all have to sell their condo’s in Florida!

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