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 - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[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.
