Posted by JD Seller on October 08, 2017 at 21:03:57 from (208.126.196.24):
In Reply to: New CRP posted by David G on October 08, 2017 at 18:10:21:
I really truly hope that the CRP program is DEAD!!!! That program is one of the most abused ones out there.
Many farmers trying to survive the 1980s where kicked off rented ground because of CRP payments that were double what the current rent was. Then add in the "CORN" bonus and you had fellows drawing more in one year than they paid for ground just a few years earlier in the low of 1984. $2 a bushel times your ASC yield paid in the first year on top of the rental bid. I know of two farms close to me that sold for $400 an acre. They both got put into the CRP program just two years after they sold. ASC yield of 145 and a rent of $130, that's is $420.
Really screwed over most livestock guys too. Most of their land was not eligible because it was already in hay/grass. Guys that had grass waterways and headlands got screwed too. IF your already had them, at your own cost, they could not go into the program. IF you had plowed out everything fencerow to fencerow then you where the golden child to the ASC office.
CRP Crop Farmer, Retirement, Plan.
Like one of the other posters said: Rich farmer/landowner welfare.
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