I feel for the average farmer. It's a labor intensive career choice w/long hours & a ton of years. We do need to find a happy medium somewhere but I haven't a clue where we'd draw that line. Tough deal for all involved from both sides.
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I think it depends where the 36 percent cuts proposed are allocated. I have read articles where the majority of the benefits are going to a small number of large operators which isn't what the program was designed for. Its hard to take an insurance companies word as unbiased when the subject is taking directly from their profits. Of course Farmers Insurance Co thinks its a bad idea, not to say it isn't. If we are just subsidizing the cost of insurance on large operators who can afford insurance without the subsidies than that's not a good way to do business. Being that its out money (govt through taxes) you can better believe there are lobbyists involved to make sure the money keeps flowing.
"Crop insurance run by the USDA's Risk Management Agency has become the largest farm program with annual outlays of about $8 billion.6 Subsidized insurance protects against various business risks, such as adverse weather, low production, and low revenues. It covers more than 100 crops, but corn, cotton, soybeans, and wheat are the main ones. It subsidizes both insurance premiums and the administrative costs of the 19 private insurance companies that offer policies to farmers.
The companies receive the subsidies, and they earn excess profits from the high premiums they charge. Farmers also benefit because the USDA pays about 60 percent of the premium costs, according to the Government Accountability Office.7 Indeed, economist Bruce Babcock finds that most farmers make money on insurance over time, receiving more in claims than they pay in premiums.8
Congress channels the largest portion of farm subsidies through the insurance program in order to obscure the identities of the wealthy recipients. Under prior farm programs, news stories often identified the millionaires receiving farm subsidies, which was embarrassing to Congress. Insurance subsidies are less transparent and they have no income limits, and so Congress has expanded the program over the years."
Last edited by Ætheling; 05-31-2017, 12:38 PM.
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Originally posted by overcomer401965 View PostYep, I for one wouldnt mind seein a $6 loaf of bread. Hail season can do number on wheat crops and not all farmers are crooks.
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Originally posted by stykshooter View PostFive or six years ago Neb. famers lost 85% of the corn crop due to the drought, they still had to harvest the dead crops to file a claim. They were also audited for all records pertaining to this harvest
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Originally posted by LFD2037 View PostCorn in Nebraska is what my moms side of the family does. They live in humble homes w/millions upon millions of dollars in equipment. Sun up to sun down for most of the days out of the year doing corn plus 100's of thousands of head of cattle. @ one point in time (unsure about it now) her uncle had the largest head of cattle in the entire state. I'm guessing it helps offset the losses from the corn.
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Originally posted by LFD2037 View PostCorn in Nebraska is what my moms side of the family does. They live in humble homes w/millions upon millions of dollars in equipment. Sun up to sun down for most of the days out of the year doing corn plus 100's of thousands of head of cattle. @ one point in time (unsure about it now) her uncle had the largest head of cattle in the entire state. I'm guessing it helps offset the losses from the corn.
You start, ill wait for the invite
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Originally posted by overcomer401965 View PostYep, I for one wouldnt mind seein a $6 loaf of bread. Hail season can do number on wheat crops and not all farmers are crooks.Originally posted by Landrover View PostHush nah!!![emoji33]
Hum. ......that type of 3rd world pain may be what we need to really appreciate how good we have it!
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Or they would raise food stamps from 200-500 per month to 1,000-2,000 per month.
But yes we should suffer some and get rid of all welfare IMO.
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Originally posted by LFD2037 View PostCorn in Nebraska is what my moms side of the family does. They live in humble homes w/millions upon millions of dollars in equipment. Sun up to sun down for most of the days out of the year doing corn plus 100's of thousands of head of cattle. @ one point in time (unsure about it now) her uncle had the largest head of cattle in the entire state. I'm guessing it helps offset the losses from the corn.
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Originally posted by RiverRat1 View PostBut then stupid..uh..I mean poor people, would eat bad because they would be forced to eat cheap.
Or they would raise food stamps from 200-500 per month to 1,000-2,000 per month.
But yes we should suffer some and get rid of all welfare IMO.
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Originally posted by Razrbk89 View PostEspecially the foreign aid to Israel welfare and all of the military welfare, right?
But ill agree there is plenty of welfare in the military budget.
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