Originally posted by demsformd
My brother has said that he is going to plant more soy beans and also experiment with olives yet again.
If he knows what NOT to plant, why try olives -again-???
Is the State of Maryland helpful with alternative crop planning? I thought that they were recommending certain fruits and vegetables as an alternative crop? If they are not going to help the farmers find something else, then in 10 years (or sooner, since the money isn't guaranteed) I fear that the farmers will be worse off, and unable to plant the tobacco crop that they know.
If the price per pound is $1.70, and 70 cents covers expenses and investment, and $1 is profit, that is a good business. There aren't many businesses with a 59% profit margin, except maybe food service. It doesn't seem like a good business decision to give that up, sight unseen.
You know the more and more that I think about it, I doubt that other farmers know what to do here. My brother often comments that they have no ideas to make up for the profit loss that will occur down the road. But my brother is smart and he knows that in ten years the money will be gone and the buy-out presents him with a unique opportunity to expand. So, it helps him but I am not sure about the others.
I had heard watermelon as one of the recommended crops too. So many things are much more fragile than tobacco.
I eat soy every day, so I guess I'm doing my part to support one alternative crop. But, not many people are going to give up their beef, ham, sausage, etc, to eat like that. As I said before, I don't hvae a problem with this type of "welfare" especially to support our farmers. I just hope the programs help them find new business opportunities, rather than a 10 year paycheck that they aren't guaranteed to receive, even next year.
If the state said that the program ends after this year because we have a billion dollar deficit, what would those farmers do? That -can- happen...