Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: rz who wrote (110851)	10/3/2008 12:31:42 AM
From: buckbldr	Read Replies (1) \| Respond to of 206338

rz:....OT: Your question >>>>What's a crop loan?<<<< amazes me, if you are sincere. However, I suppose I need to personally review that it's been the better part of 40 years since I had to worry about qualifying for a crop loan. Briefly, my experience in those days (and I assume even now) was that extremely few farmers could put in a crop (of cotton, soybeans, wheat, or whatever he planned to grow) without taking out a loan from a bank, or some processing company dealing with the production of the farmer's crop in order to cover the costs of plowing, planting, cultivating, fertilizing, watering (irrigated crops), insecticides, and harvesting such crop....a program that usually encompassed a period of 6 months or more of cost outlays before receiving any income from the sale of the harvested crop (that is, if he was fortunate enough not to have the crop hailed out, severely damaged by insects, losses from severe droughts or floods, or delayed harvesting from labor strikes, or rain). I'm so glad that my current activities in trading these stocks incurs so little risk compared to the gambles that we took as farmers, and maybe it's easier to understand why there were "subsidy" programs, though I generally disagreed with the principles concocted by the government programs at that time. However, it's doubtful the farmer would be able to so readily qualify for the "crop loans" had there not been those price support programs. Hope this satisfies your curiosity, rz. Best regards, Buck