Re: how large is oil industry subsidy?
From: Dean Hoffman (dh0496_at_ineINbrasVALkaID.com)
Date: 09/27/04
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Date: Sun, 26 Sep 2004 23:05:51 -0500
On 9/24/04 3:02 PM, in article 41547dff.12085622@news.telus.net,
"royls@telus.net" <royls@telus.net> wrote:
> On Fri, 24 Sep 2004 14:52:39 -0400, "robert j. kolker"
> <nowhere@nowhere.net> wrote:
>
>> Warble606 wrote:
>>
>>> But the question is, how large is oil industry subsidy?
>>> (in millions of dollars please)
>>
>> One must factor in the dollar value of the oil depletion allowance.
>> Farmers are not given tax credits for the nitogen they deplete from the
>> soil but oil drillers are given a credit based on what they extract from
>> the earth.
>
> Farmers typically add far more nitrogen than they extract (though
> modern farming does typically deplete topsoil).
>
> -- Roy L
Roy, that doesn't match what I see in my area. The good farmers have
soil sampling done and follow the recommendations. I'm not sure of the
current NH3 price. It doesn't pay to over fertilize. It take about 1# of
to produce 1 bushel of corn. Yields of 200bu/acre aren't really that
unusual in my area for irrigated corn.
There was a time when you would've been right. There wasn't much soil
sampling done and the application equipment wasn't very accurate. NH3 was
cheaper too. Farmers were more worried about under application as the
application rate wasn't very even. Nitrate contamination of ground water
is a problem brought on partly because of that over application.
Dean
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