Huge difference in the 50 States when it comes to their financial shape. Many farmers and ranchers are from states where the state finances are in OK to good shape. But, the states that are in financial trouble are large states in both population and economic size.
I will discuss the economic size of states, and how this affects agriculture. Where is this all heading and when. What can be done to solve this problem. Will some states need to go into some sort of bankruptcy?
This will become before it is solved a huge problem for the United States. Obama’s stimulus just helped these states in financial trouble push it down the road for awhile.
Will the population of these states along with their current political lineup allow the sacrifice necessary to solve these problems? Look at the recall votes in Wisconsin and the ballot initiative in Ohio.How does this affect you and your agricultural operation? How will this affect people in states that are not in financial distress?
Will your taxes be collected and used by the Feds, if these big economic and population states are in control of the Federal Government, to fund their constituents services in their states?