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How about a 'livestock bailout'?

Agriculture.com Staff 06/13/2009 @ 9:47am

This past year, the economic meltdown had the U.S. government scrambling in an effort to save jobs and keep the economy from sliding into a depression.

The government passed a stimulus package with the idea of helping to provide an economic recovery and a catalyst to a turnaround. While a turnaround may occur, nothing is guaranteed. However, what the government may have overlooked is just where, perhaps, the important or critical jobs really are: Agriculture!

The livestock industry has been battered this year as prices have continued to slide. Poor demand and oversupply are reasons. Meat markets are entrenched in a downtrend now lasting more than six months and, in some cases, up to a year with prices at or near contract lows. Costs have doubled in recent years. Most producers are realistic and expect prices to, at times, fall but then recover. There does not appear to be any sign of recovery in the near term. Livestock and dairy producers are financially bleeding at a rapid pace. Is it time for the government to take notice and provide a recovery package? Something may need to be done soon.

Why do we feel so passionate about this? Obviously, agriculture is the backbone to America's independence. As one of our customers relayed to us this week, "It could be a matter of highest national security."

If you have questions or comments, contact Bryan Doherty at Top Farmer, 1-800-TOP-FARM ext. 129.

This past year, the economic meltdown had the U.S. government scrambling in an effort to save jobs and keep the economy from sliding into a depression.

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