Thursday, July 19, 2012

Pork Producers Struggle With Feed Prices

Cedar Rapids Gazette, via nc links:
While federal crop insurance will help Iowa grain farmers survive the drought, many livestock producers, who lack such protection, will not, according to Bill Tentinger of LeMars, president of the Iowa Pork Producers Association.
High corn prices – now approaching $8 a bushel — will force many pork producers out of business, Tentinger said Tuesday at a drought status meeting called by Gov. Terry Branstad.
“I know how grain farmers will benefit. I do both (row crops and hogs),” Tentinger said.
Farmer Wayne Humphreys of Columbus Junction called federal crop insurance “wonderful” and “absolutely critical” for grain farmers this year.
“I think this year’s drought is worse than the one in 1988, but we will come out a lot better because of crop insurance,” which was not widely available until 1994, he said.
Lambert's comment echoes my own to some extent:
 Now watch small government free market Rs ask for public money.
Exactly.

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