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[arbman]

Everyone must gamble like the govt does in these days. Well at least this is what the govt is telling us by abandoning its duty in keeping the farming statistics, a job they have been doing since 1863!!! The govt will only count the big ticket items from now on, I'd say the one they can collect the most taxes...

http://www.nytimes.c...s..._r=1&src=tp

Notable;

Farmers say such data is crucial — and not just because it helps them decide how much to plant or how many animals to raise. Potato farmers use reports on potato stocks to decide when to sell. Hops farmers use the data to persuade bankers to lend them money for costly processing facilities. Restaurant chains watch catfish numbers to anticipate price changes. With the Texas drought forcing farmers to send their sheep herds to other states, wool and lamb buyers would normally use federal data to see where the animals went.

Now this would mean 10s of millions and how much does it cost to the govt to do so?

The statistics service said it was forced to reduce the frequency of some reports and eliminate others because its budget was cut for the fiscal year that ended in September and it expects further cuts for the current year. The eliminated reports will save $11 million a year.

I suppose a banker just collected that bonus, paid by the taxpayers.

Edited by arbman, 09 November 2011 - 05:40 PM.