Posted by GeneMO on November 22, 2014 at 17:49:00 from (71.51.203.52):
In Reply to: Farm economy posted by Spook on November 21, 2014 at 20:33:39:
Quoting Removed, click Modern View to see
Yes, there has always been a subsidy in crop insurance. Some where back they were instructed to be "actuarially sound"
Meaning crop ins. would pay it's own way.
But the many government employees that work for the Risk Management Agency have to be paid, so eventually all that government oversight and rules and regs. have to be paid for.
It is way over my head. If somehow private enterprise were allowed to run it like real insurance, a lot of costs could be cut. Would that eliminate the need for a subsidy? Dont know. Basically, crop ins. is way overpriced to pay for the Feds meddeling, that is built into the premium, then a subsidy is put in place.
Problem is, they have always said the potential dollar outlay needed in the event of a nationwide crop disaster is more than private insurance companies could handle, therfore the need for the government.
But it's the same for all the rich folks in condos on the coast and Federal flood ins.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Identifying Your Tractor - by Staff. Maybe you bought it from a friend who didn't know what kind of tractor it was, or perhaps (and this is every tractor fanatics dream) you stumbled across it in an abandoned field covered with weeds but intact. In any case, you have no idea what the make and/or model is. For awhile perhaps it doesn't really matter. Especially if it runs! But pretty soon you'll probably need to tinker with it a bit and maybe buy a part or too. Having a manual is nice. But how does one go about dete
... [Read Article]
Latest Ad:
For sale Farmall super A tractor is complete and has just been setting for awhile,it was running when pulled out of the barn,shouldn’t take to much to get it going asking 1100.00
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
