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Farmers Waiting on Ag Bailout

Farmers Waiting on Ag Bailout

Photo: WNAX


It’s been a month since the U.S. Department of Agriculture launched the Market Facilitation Program for grain farmers commonly known as the farm bailout.  The program is offering farmers one-cent back per bushel of corn due to recent tariffs.  But, analysts are estimating a loss of 44-cents per bushel of corn.  Bill Lieser grows corn and soybeans on his farm near Lake Henry–the heart of Stearns County Minnesota.  He says that doesn’t add up to much

Lieser says they’re expecting a very good corn yield this year which should help offset some of the losses, but he says it will still be difficult for most farmers to break even on corn.  As for soybeans, Lieser is more concerned with the weather forecast.  In order to get the best price, beans should have no more than 13-percent moisture when bringing them to market and so far the air has been too damp.  He’s hoping for some sunny days with a nice breeze to help dry out the soybeans.

 

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