It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Campaigning in Missouri Valley, Iowa, yesterday, President Obama announced yet another government spending program -- this time designed to inflate meat prices in Midwest swing states. "Today the Department of Agriculture announced that it will buy up to $100 million worth of pork products, $50 million worth of chicken, and $20 million worth of lamb and farm-raised catfish,"
Obama explained to reporters in front of a drought-stricken cornfield. "Prices are low, farmers and ranchers need help, so it makes sense," Obama explained. "It makes sense for farmers who get to sell more of their product, and it makes sense for taxpayers who will save money because we're getting food we would have bought anyway at a better price."
None of this makes sense. In fact, Obama's move only harms American consumers while protecting a corrupt federal program
Originally posted by KeliOnyx
Actually yes he is trying to raise the price of Beef but not in the way you think. The first problem is no Farm Bill. The second problem is the drought which is forcing farmers to send livestock off to slaughter before they are ready. Having to do this will significantly hurt the farmers by putting more on the market than they normally would at this time. So in an effort to ease their losses he is doing this. He isn't doing it to hurt everyone else, he is doing it to help those that could lose enough money to lose their farms.
More than half the counties in the U.S. have been declared natural disaster areas by the Department of Agriculture, and 69 percent of the Midwest last week had moderate to exceptional drought, government data show. The price of corn, the main ingredient in livestock feed, has surged 57 percent since mid- June, reaching an all-time high of $8.49 a bushel on Aug. 10 on the Chicago Board of Trade.
Cattle prices are falling as producers slaughter more animals to avoid the higher feed costs
Originally posted by groingrinder
Thank God it is beef. For a minute, I thought it said beer.