Careful what you wish for: commodity groups ditch Sustainable Agriculture Strategy

[cropgrower]

I think the crop insurance here is very similar to the subsidies in Europe , its a way to keep farmers producing lots of cheep commodities , governments know their will be anarchy if food runs short

[cropgrower]

Yet again cc you are barking up the wrong tree

[shtferbrains]

Governments goal with Covid spending was the stimulate the economy with no trailing liabilities.
So no spending on any programs, projects, or infrastructure that could go over budget or require annual payments.

So essentially hit the flush button and the money disappeared with nothing left to show for it?

Now we have $51 billion interest per year that is like a credit card payment on a holiday we took 5 years ago.

At least the $3 billion crop insurance encourages production.
They get it back on the taxes collected when that production goes through the economy.
All the business farmers support and all industry that touches that product.

Mostly recently government seems to just make money disappear?

[blackpowder]

Last I looked my AFSC payout vs premium history has me having paid in more than I've received. Definitely not a subsidy.
Removing insurance will simply aid the acceleration of consolidation that is continuing to happen naturally.
Many opinions regarding insurance seem to be as ill conceived as the ones tying carbon mandates to productivity.
Monette exists simply because of a supply demand imbalance.
Chuck's opinions exist only because he can afford them.

[chuckChuck]

And shite for brains farmers and their families also got CEBA and income support payments after businesses closed, workers were laid off and everyone was locked down.

So unless you wanted millions of people to have no income during the pandemic, how would you of handled it differently?

Because Trump spent billions as well!

[chuckChuck]

Last I looked my AFSC payout vs premium history has me having paid in more than I've received. Definitely not a subsidy.
Removing insurance will simply aid the acceleration of consolidation that is continuing to happen naturally.
Many opinions regarding insurance seem to be as ill conceived as the ones tying carbon mandates to productivity.
Monette exists simply because of a supply demand imbalance.
Chuck's opinions exist only because he can afford them.

Did you calculate the share of the premiums paid for by taxpayers every year? 60% paid for governments 40% by producers.
So you need to add those government paid premiums into what you received!

Check your math BP.

[shtferbrains]

And shite for brains farmers and their families also got CEBA and income support payments after businesses closed, workers were laid off and everyone was locked down.

What about Sweden?
How did they handle it?

[chuckChuck]

And why does Sweden matter in the US and Canada who spent billions saving workers, businesses and people from untold hardship and bankruptcy.

Sweden has a much stronger safety net all the time! Are you proposing we adopt the nordic safety net programs?

[Hamloc]

Did you calculate the share of the premiums paid for by taxpayers every year? 60% paid for governments 40% by producers.
So you need to add those government paid premiums into what you received!

Check your math BP.

Think about what you asked Chuck2. BP pays 40% of the total insurance premium. His payouts from from AFSC are less in total than what he has payed in total in premiums, seems self explanatory. I would be in the same boat. In 20 years of paying crop insurance, I have certainly had hail insurance claims but never a crop insurance claim. No doubt what I have payed in premiums would exceed what I received in payouts. No math check needed.

[chuckChuck]

Think about what you asked Chuck2. BP pays 40% of the total insurance premium. His payouts from from AFSC are less in total than what he has payed in total in premiums, seems self explanatory. I would be in the same boat. In 20 years of paying crop insurance, I have certainly had hail insurance claims but never a crop insurance claim. No doubt what I have payed in premiums would exceed what I received in payouts. No math check needed.

Huh? So out of every $100 in total premiums the taxpayers pay $60 and the farmer pays $40. But the $60 that taxpayers paid is not a subsidy? The benefits to producers include the 60% paid for by taxpayers every year. So what is that number relative to what BP received in payments?

[shtferbrains]

Huh? So out of every $100 in total premiums the taxpayers pay $60 and the farmer pays $40. But the $60 that taxpayers paid is not a subsidy? The benefits to producers include the 60% paid for by taxpayers every year. So what is that number relative to what BP received in payments?

That is an odd coincidence.

I read an article long ago that said the insurance industry was the least efficient industry to deal with.
At that time they said 40% of the money went to the mutual pool used to pay claims and 60% of the money went to sales commissions and administration.

Basically the suggestion was you couldn't get ahead on insurance because of the 60% so only buy coverage for the things that you couldn't afford to replace or take the loss.

Lots of older well established farmers don't use insurance.

Do you buy much, Chuck?

[Hamloc]

Huh? So out of every $100 in total premiums the taxpayers pay $60 and the farmer pays $40. But the $60 that taxpayers paid is not a subsidy? The benefits to producers include the 60% paid for by taxpayers every year. So what is that number relative to what BP received in payments?

Right. But if in total the farmer pays $40 in insurance premiums but only gets $20 in payouts, insurance was a net cost to the producer regardless of the taxpayer subsidy. Out of pocket expense still exceeds return, that simple.