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

[AlbertaFarmer5]

Rather than speculate, AFSC publishes the numbers.
Producers share of the premiums in 2023 was ~ $615 million. Total payouts were~ $1,002 billion .

So producers did receive 60% more back than they paid.

Since $615 is only 40% of the premium, the total premium would be over $1,500 million. So the taxpayer subsidy to the farmers pocket was $387 million. A lot smaller than the remaining $535 million premiums.

How much of that was a subsidy to the civil servants who administered the program? Looks like they may have received a bigger share of the subsidies than the farmers.

Doesn't look very efficient.
Abolish the entire enterprise.

[blackpowder]

One benefit to eliminating all interventions would be reducing troublesome rural votes.
Maybe that's Chuck's plan.
Wouldn't apply to railroads tho.
Although our milk would be cheaper.
"What don't you want?"

[blackpowder]

How much crop insurance do you buy Chuck?

None?

He's not gonna answer that.
He's just like every other bto blabbing about his new Denali.
Difference is his Napoleon syndrome uses virtue signalling.

[blackpowder]

I can afford to agree with you A5.
At $7500/acre, I can sell out and be just fine.
But in 2002 for just one, most farms here without ins never fully recovered if at all.
I don't have the answers. But insurance is a small example of govt expense comparatively. Possibly a return to the economy. Tax revenue loss may even make it up.
As consolidation ramps up who knows?

[cropgrower]

Keep Hail insurance in place , but just company's with no government involvement whatsoever , then we have fair competition
it would be fine with me if all the production insurance was ended ,all i would ask for is some tax changes to allow farmers to put more cash aside in the good years to get them trough the lean years , i am working on my own plan regardless , often take half a crop over into next year in the bins , plus deferred sales

[Hamloc]

Rather than speculate, AFSC publishes the numbers.
Producers share of the premiums in 2023 was ~ $615 million. Total payouts were~ $1,002 billion .

So producers did receive 60% more back than they paid.

Since $615 is only 40% of the premium, the total premium would be over $1,500 million. So the taxpayer subsidy to the farmers pocket was $387 million. A lot smaller than the remaining $535 million premiums.

How much of that was a subsidy to the civil servants who administered the program? Looks like they may have received a bigger share of the subsidies than the farmers.

Doesn't look very efficient.
Abolish the entire enterprise.

AB5 certainly a good question, farmer and government premiums $1.537 billion for Alberta, $1.002 billion payed to farmers, where did the $535 million go?!?!

[AlbertaFarmer5]

AB5 certainly a good question, farmer and government premiums $1.537 million for Alberta, $1.002 billion payed to farmers, where did the $535 million go?!?!

Would it be a reasonable assumption that this ratio holds true for most government spending? Does 1/3 of most bureaucratic programs gets wasted in administration?
Or is my assumption too generous?

[chuckChuck]

Good work A5 you finally did some of your own homework!

And you schooled Hamloc on Alberta crop insurance in 2023 that showed the subsidy to producers.

And do you really think the Alberta Government is that bad at managing Crop Insurance that they spent $535 Million on administration? Not even close!

In Saskatchewan the cost is about $1 per acre. I can't find the Alberta number but I can't imagine it is much different.

"Crop insurance administration cost per acre*
• The administration cost per acre for the 2023 crop year was $1.03 compared
to 96 cents the previous year. The target is $0.96"

?[url]https://www.scic.ca/uploads/2023-24-Annual-Report-SCIC-FINAL.pdf[/url]

A5, again because you don't have the facts, you throw out a dumb idea about high admin costs that distort the reality.

And by all means don't participate in any of the safety net programs you will help lower the cost to taxpayers!

But over 85% of the seeded acres in Saskatchewan were insured in 2022 and 2023 so obviously farmers use and support the program.

Only marginal fringe thinkers like you say "doesn't look very efficient.
abolish the entire enterprise".?

That kind of sums up your lack of thinking on most subjects!

[cropgrower]

so cc where did the 535 million go ?

[chuckChuck]

Ask Alberta Crop Insurance! maybe into reserves?

But it sure as hell wasn't administration unless high priced overpaid oil workers were running it?

[cropgrower]

reserves ? you keep telling us about all the money taxpayers contribute to crop insurance

[chuckChuck]

Read the Audited financial Report and figure it out for yourself instead of listening to ill informed yappers like A5 who thinks it all went into admin!

AGRICULTURE FINANCIAL SERVICES CORPORATION
STATEMENT OF OPERATIONS? shows a surplus of 489 million at the end of fiscal year 2023.

[url]https://afsc.ca/wp-content/uploads/2023/11/2022-23_Annual_Report_ONLINE.pdf[/url]

[Hamloc]

Ask Alberta Crop Insurance! maybe into reserves?

But it sure as hell wasn't administration unless high priced overpaid oil workers were running it?

You know Chuck2 you really can’t read. Show me where I said the government doesn’t cover a portion of crop insurance!? What I did say was in my case in the 20 years I have had crop insurance what I payed out of pocket in premiums exceeded what I received in insurance payments!! If you include the government payed portion on top of what I payed the differential between total premiums payed and what I claimed would be far greater, that simple. Fact remains, for me personally up to this point crop insurance has been a net cost.

[chuckChuck]

Hamloc I am glad to see you finally admitted the government is subsidizing you with lower cost premiums for a well used and supported Crop Insurance program.

The safety net includes Agristability and AgrInvest which is not a premium based program and which kick in when you really need it.

Most farmers and their organizations support the safety net programs. Only the fringe thinkers like A5 don't admit they are subsidized and needed programs.

[cropgrower]

Read the Audited financial Report and figure it out for yourself instead of listening to ill informed yappers like A5 who thinks it all went into admin!

AGRICULTURE FINANCIAL SERVICES CORPORATION
STATEMENT OF OPERATIONS? shows a surplus of 489 million at the end of fiscal year 2023.

[url]https://afsc.ca/wp-content/uploads/2023/11/2022-23_Annual_Report_ONLINE.pdf[/url]

so why are you always yapping about all the money tax payers contribute to crop insurance ?