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  • 7/10/2025
farmers, risk management, agriculture, gamblers, food supply
Transcript
While I served in Congress, I worked hard to put in programs that would help manage risk for farmers. I tell people all the time, farmers are the biggest gamblers that I know. They go to a bank oftentimes and they have to borrow money to buy land. Then they go back to the bank and they need machinery to work that land and so they borrow some more money to do that. Then they have to go back and get an operating note to purchase seed and fertilizer, chemical potentially. And they put it in the dirt and they hope that months later it'll rain, the sun will shine, and that there'll be something there that they can pick up, that they can sell, and then that the markets that are beyond their control, that there will be a price there that will help them cash flow so they can go back and do it all over again the next year. They do that so that they can feed this country, so that they could feed this world.

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