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Non-Cattle Specific Topics
Coffee Shop
Gore admits mistake.
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<blockquote data-quote="john250" data-source="post: 795386" data-attributes="member: 4406"><p>There doesn't seem to be any motive to police crop insurance. I'm aware of fields which "always" fail. The farmers can still get insurance. If you had a car crash 10 yrs running you would be asked to find a new insurer. Apparently the insurance subsidy is good enough that insurers will write the policy just to get the business. </p><p>USDA never checks, either. </p><p>Direct subsidies go to landowners, either because they farm or because the subsidy gets bid into the rents they receive. </p><p>Insurance supports the actual grower by making it easier to justify millions in equipment and operating expense to a banker.</p></blockquote><p></p>
[QUOTE="john250, post: 795386, member: 4406"] There doesn't seem to be any motive to police crop insurance. I'm aware of fields which "always" fail. The farmers can still get insurance. If you had a car crash 10 yrs running you would be asked to find a new insurer. Apparently the insurance subsidy is good enough that insurers will write the policy just to get the business. USDA never checks, either. Direct subsidies go to landowners, either because they farm or because the subsidy gets bid into the rents they receive. Insurance supports the actual grower by making it easier to justify millions in equipment and operating expense to a banker. [/QUOTE]
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Gore admits mistake.
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