What's a farm program got to do with eating. Farmers keep claiming that farming is a business. So there should be no farm programs other than the same tax write offs enjoyed by other businesses. If a farmer fails because those programs get shut off then so be it. Another farmer who is making a profit will pick up the slack.
Frank: Crop insurance is subsidized because insurance companies know that almost every year in one area or another there are going to be massive losses. Eventually every farmer is going to have a loss. That drives up the cost of the insurance to the point hat a lot of farmers wouldn't be able to afford it or it would deprive them of any profit. While I don't like subsidies some private citizens get those subsidies too. Like SNAP (food stamps) and so on or federally subsidized flood insurance.
Gotta remember that the insurance company is gambling that they won't have to pay out much in losses. That helps keep rates in check. When you can expect to pay out to customers 100% over say a 10 year period that just isn't sustainable for an insurance company unless the rates are outrageous.
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Today's Featured Article - History of the Nuffield Tractor: Part 2 - by Anthony West. In February 1953 production of the ETC T.V.O engine started, ready for the March 1953 press announcements. The new TVO engine had a number of improvements which resulted in a 10 per cent more power (43bhp as against 38 bhp on the earlier engine) and 10 per cent more fuel economy. Some of the improvements are listed below: Redesigned combustion chamber, improved spark plugs and positioning, plug size 14mm(earlier size 18mm).
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