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re: Louisiana requests federal assistance to help struggling crawfish farmers
Posted on 2/21/24 at 9:53 pm to SWLA92
Posted on 2/21/24 at 9:53 pm to SWLA92
quote:
Crawfish is what pays the bills. You can’t just make it farming rice. That’s why everyone has crawfish with their rice operation. So yeah Rice farmers will go out of business if this continues.
Sounds like you want to socialize the losses, but capitalize the gains. Any biz has risk especially agriculture which is heavily affected by weather. Do you put aside money for a rainy season? Do you pay fair taxes on all your crawfish production every year? I know plenty of farmers that grow crawfish as a cash crop. If you can not pay about 20% taxes every year, then you are ahead of the majority that pay taxes every year. It is a bad year- we can't control the weather and that is the risk of farming.
This post was edited on 2/21/24 at 9:54 pm
1
Posted on 2/21/24 at 10:00 pm to LeGrosChat
Yes anytime I make a profit I put it up upgrade my equipment only when I need to. I don’t get paid in cash for my crawfish I show it all on my taxes. I agree weather is the biggest risk in agriculture there’s nothing you can do about it.
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