U.S. Targets Crop Insurers’ Profits

April 29, 2010

  • April 29, 2010 at 3:24 am
    Al says:
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    The govt originally subsidized student loans to allow more families to send kids to school. Actually, as I recall, it wasn’t a direct subsidy but a guaranty of repayment that allowed lower rates.

    Anyway, Hussein Obooba and the democraps turned this around to make it look like the banks were being subsidized and not the students.

    OboobaCare is going in the same direction. Eventually there will be no private health insurers, according to plan.

    So yeah let’s let the govt run everything: with the efficiency of the post office, the customer service of the DMV, and the ruthlessness of the IRS.

  • April 29, 2010 at 3:54 am
    Josepi says:
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    Crop insurance is a joke. I purchased crop insurance on my tomato plants last year and they were a total loss but the policy never paid out. Rabits destroyed them all and I had no tomatoes to make mamas famous sauce.

  • April 29, 2010 at 4:10 am
    farmer's daughter says:
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    One who knows,

    Can you explain your comments further? I find your point of view interesting.

    Did you ask those agents that you know how much they make net, not gross? After E & O, staff costs, employee benefits, etc., there’s a lot of overhead and a lot of work to run an agency. And did you ask them how many hours a week they worked? I’m sure it’s not 9AM-5PM with nights and weekends off!

    If you look st the RMA subsidies chart on their website, the gov subsides 60% or more that you mention are only on certain policies and the price to the farmer is still very costly.

    May I offer a suggestion to you – if this is your standpoint – “A total rip off of the taxpayer. Agents make lots of money and farmers pad their checking account.” – I urge you to quit your day job and become a farmer or a crop insurance agent. Put yourself in their shoes and see where you get!

    May I also suggest you visit a website to learn more about the crop insurance program:
    http://www.cropinsuranceinamerica.org/

  • April 29, 2010 at 4:47 am
    Baxtor says:
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    Well that is an oxymoron comment if it’s true. Here in Phoenix, Arizona, one of the few places left in Arizona did NOT tax groceries. As of April of this year, they now tax groceries. So let’s supplement the farmers to keep prices down, but let’s tax to bring it back up. This is why government is so screwed up. I say cut the supplement every year for the next five years until it is gone. Then let the cost of food go up and maybe somebody will kick the crap out of local legislators to remove the grocery tax.

  • April 29, 2010 at 5:41 am
    Ben says:
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    Baxtor, do you know that when the government determines the rate of inflation it omits groceries from the inflation index. Hmmmmm why is that, dont we all have to eat. It is because mega farmers deal with politicians behind closed doors in almost every state of this country. We spend billions each year on Food. They want you to keep that vision in your head of a poor family farmer, hell we even have Farm aid and the Government even pays farmers not to grow certain crops, I wonder how and who decides which crops?

  • May 1, 2010 at 8:40 am
    Mike says:
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    How bout this, why continue let the taxpayers pay for this subsidy (and risk). If the coverage is so valuable, how bout we let the insurance market offer it without taxpayers subsidizing it.
    How bout we do with Flood Coverage as well.
    Frankly, I’m tired of subsidizing and paying of people who choose take risks without paying the appropriate price for them because of taxpayer support.



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