Farm Ponzi Scheme Nets South Dakota Man

Such fraud doesn’t exist only on Wall $treet, you know.

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South Dakota Man Pleads Guilty To Federal Charges In Feedlot Scheme
8:00 pm, Aug. 10, 2021
https://www.agweek.com/news/crime-and-courts/7148308-South-Dakota-man-pleads-guilty-to-federal-charges-in-feedlot-scheme

SIOUX FALLS — A Corsica, South Dakota, man has pleaded guilty to federal wire fraud and money laundering charges related to his operation of a custom cattle-feeding business that involved millions of dollars.

Robert Blom, 59, pleaded guilty to one count of wire fraud and one count of money laundering last month as part of a plea agreement that was accepted by the U.S. District Court on Aug. 2.

Robert Blom, 59, a cattle farmer in Corsica, South Dakota, will be sentenced for his crimes in November 2021.

With the charges, Blom faces a maximum sentence of 40 years in prison, with a 20-year maximum for each count. Blom is also subject to a fine of up to

Draught Raises Corn Price, Milk Profits fall, Cows get Slaughtered

Regardless whether global climate change is man-made, or cyclical… it’s going to affect us all, and we would be wise to DO SOMETHING to PRESERVE, PROTECT and DEFEND ourselves NOW!

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Milk-Cow Drought Culling Accelerates as Prices Jump: Commodities

U.S. milk production is headed for the biggest contraction in 12 years as a drought-fueled surge in feed costs drives more cows to slaughter.

Output will drop 0.5 percent to 198.9 billion pounds (90.2 million metric tons) in 2013 as the herd shrinks to an eight- year low, the U.S. Department of Agriculture estimates. Milk futures rose 45 percent since mid-April and may advance at least another 19 percent to a record $25 per 100 pounds by June, said Shawn Hackett. The president of Boynton Beach, Florida-based Hackett Financial Advisers Inc. correctly predicted the rally in March.

Dairies in California, the top milk-producing state, are filing for bankruptcy, and U.S. cows are being slaughtered at the fastest rate in more than a quarter century. Corn surged to a record in August as the USDA forecast the smallest crop in six years because of drought across the U.S. Global dairy prices tracked by the United Nations rose 6.9 percent last month, the most among the five food groups monitored, and that will probably mean record costs next year, Rabobank estimates.

“Farmers can’t afford to buy as much grain and protein, and that affects milk production,” said Bob Cropp, an economist at the University of Wisconsin in Madison who has been following the industry since 1966. “In California, there’ve been some foreclosures and some sell-off of cows quite heavily. You’re going to see that in other parts of the country.”

Mercantile Exchange

Class III milk, used to make cheese, jumped 22 percent to $21.05 on the Chicago Mercantile Exchange this year. That’s more than 21 of the 24 commodities in the Standard & Poor’s GSCI Spot Index, which rose 1.8 percent. The MSCI All-Country World Index (MXWD) of equities climbed 12 percent, and Treasuries

Alabama Governor Bentley gives Marshall county chicken farm $5K tax dollar$ to buy light bulbs during proration

This is stuff for the Cobert Report!

Sad, but true folks…

Alabama Governor, Robert J. Bentley, MD (R)

 Alabama‘s Republican Governor  Robert Bentley – who has said he would take no salary until Alabama achieves “full employment” (whatever that is!) – has given a private farm in rural Marshall county $5000 to buy light bulbs.

Yes, you read that correctly.

Bear in mind also, that the state is already in a period of budgetary proration.

What’s that?

Alabama’s Constitution forbids debt spending, so the budget must equal – not exceed – the state’s revenue.

So, in accordance with the state’s Constitution, on March 16, 2012, Governor Robert J. Bentley declared a proration of  “10.6 percent for the state General Fund for non-education services, cutting budgeted spending by $188 million because of a shortfall in expected revenues.”

Can you smell the hypocrisy cooking?

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Bentley awards grant to help business upgrade lighting

May 22, 2012

MONTGOMERY – Gov. Robert Bentley awarded a $5,000 grant to help a farm business in Marshall County reduce energy consumption and save money.

The grant will help Maze Farms Inc.

♫B – I – N, G, O… B – I – N, G, O was his name, oh!♫

There was a farmer had a dog and Bingo was his name, oh! B – I – N, G, O… B – I – N, G, O… B – I – N, G, O and Bingo was his name, oh!

Hi kiddies!

Today your Uncle Bob is gonna’ tell you all about his dog!

And what’s his name?

(children yell out name)

Yes! That’s right! Bingo!

And I’m gonna’ kill my dog!

Probably the only thing anyone can do in Alabama is laugh at