vollmarj
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Our bank said they were still doing diligence on all applications upfront before submitting the loans to the SBA even though the bank isn't actually liable for anything. This was causing about a 2 day lag time from starting to process the loan application to submitting it to the SBA. In our case that meant not getting the loan submitted before the funding ran out.
Veteran Boeing manager warns of 787 problems
It would be nice to have an open source alternative that doesn't get you locked into an unpredictable pricing model that you have very little control over.
Amazon Introduces Alexa Earbuds with Integrated Bose ANC
Cargill: The Worst Company in the World
The majority of ag subsidies are not given to farmers for growing things. Crop insurance is subsidized, but that doesn't necessarily lead to overproduction as is only really kicks in when conditions are very poor. Conservation programs (to NOT farm land) are also subsidized. This again doesn't encourage over production.
There are many things that could be improved in modern agriculture, but my view is that subsidies have little to do with our largest problems.
FarmLogs (YC W12) Launches AutoHedge App
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FarmLogs (YC W12) is hiring – build a next-gen grain trading platform
First off, Dicamba is not a new herbicide. We've had it for many years and knew the challenges associated with it. Most farms didn't need to use it because glyphosate (aka Roundup) was just as effective and far easier to use thanks to Monsanto developing the compatible GMO seed over 20 years ago. Since then, two things have changed: roundup is off patent (so Monsanto's profits are being challenged) and many common weeds have developed their own resistance to the glyphosate mode of action.
This leads Monsanto searching for a new product they can sell, and farmers searching for a more effective herbicide they can use. Pressure from both sides.
Monsanto and the other chemical companies have a powerful lobby. They told the EPA that this new formulation of Dicamba was less prone to drift and somehow got that through without much field testing.
The drift issue is a great thing for the chemical/seed companies if they can keep the product approved for use. Here is why: everyone will have to buy their GMO seed. Not even because they want to use the Dicamba product, but because the need the resistant seed as insurance against damage from their neighbor. There is a LOT of profit on the line for Monsanto and Dow/Dupont and unfortunately they have the ears of the regulators and they have great influence over the "independent" farmer lobby (American Farm Bureau).
I'd like to propose that consolidation of farms is not driving this issue, but rather consolidation of seed and chemical companies. We have a massive oligopoly in the seed and chemical industry and it is only getting worse as the "Big 6" are becoming the Big 3 through M&A (Bayer/Monsanto, Dow/Dupont, Syngenta/ChemChina).
About me: My family has been farming for 6 generations, my dad, uncle, and brother all actively farm and I am the founder of FarmLogs (YCW12).
I'd like to point out that this is not true. When I first moved from the rural Midwest to Silicon Valley, I quickly discovered this as a common misconception. The average farm is actually closer to 800 acres and still farmed by (in most cases) a single an owner/operator maybe with a brother or an uncle helping.
It is true that a lot of farmland is rented and nearly all of it is owned by someone like your grandpa that is a retired farmer now living off the rent of their land. I've found that this older generation is often the pickiest about how their land gets farmed and they often enforce practices that they prefer to keep their ground in good healthy condition.
About me: My family has been farming for 6 generations, my dad, uncle, and brother all actively farm and I am the founder of FarmLogs (YCW12).