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Friday, October 19, 2007

The cash rent lease conversion accelerator...

Along with others, I have been trying to handicap the new twist the farm bill process (for lack of a better word) has taken. Shrugging what little pride I have aside, I can admit to not really grasping what the good Senators think they are trying to do for me with the revenue assurance option.

So. Let's assume my degree in engineering and years of familiarity with the "times table" (do they still teach that?) have some worth, and my hours of frivolous surfing are not totally misspent. Now consider I really have no analytical or intuitive idea whether I should like this idea or not.

Given these observvations, imagine what a landowner is going to make of this whole legislative puzzle. As we talked about earlier, many observers point out landowners are getting older. Which is a good thing, if you think about it.

But it won't make them really excited about figuring out not merely a new farm program - but A CHOICE to be made. Making choices is not what geezers like to do or do best.

Therefore, some outcomes could be:

Investing serious hours at the FSA and extension meetings learning the new program and getting the paperwork done.
Employment of more farm managers to act on behalf of landowners and select the optimum route.
Electing to reside total faith in the tenant via FSA power-of-attorney.
Just take a large rent check on 1 March and lose the whole headache.

Gee, I wonder what could happen...

Labels: farm bill, land, production

¶ 6:47 PM

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US Farm Report host John Phipps surfs the Web so you don't have to...

: Name: John Phipps; Location: Chrisman, Illinois, United States

Jan and I farm 1700 acres near Chrisman, IL. I have also written humor and commentary for Farm Journal and Top Producer for 13 years. Please visit my website (www.johnwphipps.com) to learn about my speaking services for your group's next meeting.

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John's World Friday, October 19, 2007 The cash rent lease conversion accelerator... Along with others, I have been trying to handicap the new twist the farm bill process (for lack of a better word) has taken. Shrugging what little pride I have aside, I can admit to not really grasping what the good Senators think they are trying to do for me with the revenue assurance option. So. Let's assume my degree in engineering and years of familiarity with the "times table" (do they still teach that?) have some worth, and my hours of frivolous surfing are not totally misspent. Now consider I really have no analytical or intuitive idea whether I should like this idea or not. Given these observvations, imagine what a landowner is going to make of this whole legislative puzzle. As we talked about earlier, many observers point out landowners are getting older. Which is a good thing, if you think about it. But it won't make them really excited about figuring out not merely a new farm program - but A CHOICE to be made. Making choices is not what geezers like to do or do best. Therefore, some outcomes could be: Investing serious hours at the FSA and extension meetings learning the new program and getting the paperwork done. Employment of more farm managers to act on behalf of landowners and select the optimum route. Electing to reside total faith in the tenant via FSA power-of-attorney. Just take a large rent check on 1 March and lose the whole headache. Gee, I wonder what could happen... Labels: farm bill, land, production ¶ 6:47 PM Comments: Post a Comment << Home US Farm Report host John Phipps surfs the Web so you don't have to... About Me Name: John Phipps Location: Chrisman, Illinois, United States Jan and I farm 1700 acres near Chrisman, IL. I have also written humor and commentary for Farm Journal and Top Producer for 13 years. Please visit my website (www.johnwphipps.com) to learn about my speaking services for your group's next meeting. View my complete profile ARCHIVES April 2006 / May 2006 / June 2006 / July 2006 / August 2006 / September 2006 / October 2006 / November 2006 / December 2006 / January 2007 / February 2007 / March 2007 / April 2007 / May 2007 / June 2007 / July 2007 / August 2007 / September 2007 / October 2007 / advertisement MORE FROM JOHN On the Coffee Table
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