Is this something new or recycled money?

[jensend]

tom if you paid $60g for crop insurance then i think you must have gotten a subsidy well in excess of $100g if things haven't changed too much from my days in alberta. what portion of the premiums do the two senior levels of govt. pay now?

[TOM4CWB]

Jensend,

THis works out to about $12/ac with hail insurance, at about $150/ac with 60% coverage. Yes the Gov. puts in some funding...

Other than cash flow CAISP will eventually pay a simular amount out, with the cash flow being slower and, the CAISP margin decreases for future coverage without crop insurance.

No one on our farm expects to collect a cent on the crop insurance at 60% coverage. If a 2002 type of disaster hits again... we need to pay our bills, and this allows us to meet the obligations we have.

Everyone is paying into our crop insurance.. yes; as they are paying into the fire insurance on your house... and the insurance on the vehicles we drive.

Collecting Insurance makes no one rich, I hope we never need it again for another 120 years!

[jensend]

whatever you say!