Cattle Price Insurance Program (CPIP)

[blackjack]

There is the problem with insurance programs smcgrath...where would the fair ballpark figure for production costs be set at for us cow/calf operators whether we sell them as calves or background them for grass.Just been following the TEAM this morning and once the prices are set for the day there is little variation.Take this price cause this is what we're paying.So that would be my worry the level of protection would at a point where the program would be useless to me.

[jensend]

i'm sure the packers can get this structured to their advantage. another transfer of equity.

[smcgrath76]

Sorry GF. The acronymns have been
changing so fast of late. Just in time
for another election, and rebranding of
what the bureaucracy wants to do anyway.
I wonder about the premiums as well, and
am pretty sure they can't insure based
on cost of production as it would in all likelihood be countervailable.
I think any insurance program at the CC
level would likely result in declines in
calf prices (anyone recall the set aside
program?). I think ideas like the NWCBP
program at the CC level may hold more
promise for like minded producers.

[PureCountry]

We have another band-aid for a wound that needs intense medical attention. Wow, I'm overflowing with joy.

I just can't figure this crap out. We have an Ag Minister who has shown us he's not afraid to rock the boat, but now he seems to be trudging ahead with his ALMA Strategy whether it kills us all or not. So much potential, so much money and effort being spent, and the cow-calf landscape will come out looking the same or worse than it did pre-Groeneveld.

Makes me more and more confident in our decision to diversify, and put less faith in the "You gotta produce what the market wants" cow-calf fairy tale.

[burnt]

I went to FCC today to discuss a loan and we agreed that there isn't much use on counting on any support programs for bankable income . . . . wow.