Posted by coonie minnie on February 17, 2023 at 09:49:42 from (50.123.209.133):
In Reply to: Re: price of farming posted by Stuart on February 17, 2023 at 08:47:54:
There were lots of subsidies in the 80's. Dairy farmers had a full support price, and gov't bought all kinds of cheese and butter. There was a dairy herd buyout in the mid 80's to reduce the number of cows to reduce the milk supply. You had to ship your cows to the stockyard, and pledge to not repopulate for a set amount of time.
PIK, all kinds of loan programs, manditory set aside acreage, disaster payments about every other year were other subsidies to prop up crop prices. CRP came out in the 80's too, designed to reduce acreage but sold as a conservation program.
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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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