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Veteran Advisor
Palouser
Posts: 2,288
Registered: ‎05-13-2010

Praise the Lord! (and Congress)

Subsudies will continue to flow to farmers like a waterfall! The emphasis will be more on subsidized insurance! Meaning a government backstop on revenue will be greater and cash rents by the big boys will squeeze.margins to nothing except for the best of years because so little will be at risk and it can be penciled in beforehand!!! Mark my words. This will become a slow rolling disaster.

The House dawdled but the original truth prevailed. Rural America was well taken care of by their representatives and red states will continue to take in more than they pay. As always has been true. Cotton, rice and sugar will be especially guarded.

SNAP (which was already cut last year) will be used as the whipping boy to divert attention from the continued welfare to farmers.

And Congress proves again what I've always said. Your representative's job is to bring home your bacon and blame it on someone else, as if they intended otherwise.

Big FAIL for Congress for not cutting ANYTHING in a meaningful way. There will be no meaningful structural reforms in the future unless one side or the other can gore the other's ox - but never at the cost of their own.
Contributor
Reno31
Posts: 22
Registered: ‎03-08-2011
0

Re: Praise the Lord! (and Congress)

Not sure about this waterfall you talk about. I have been farming 30 years and have never collected enough crop insurance to cover my premium. I think the real gravy train is for the insurance company's themselves. I have read the government's goal is they have a 17% return on there investment. With all the premium subsidy THEY have collected over the years on my policy I would say 17% sounds a little low.

Veteran Advisor
Shaggy98
Posts: 4,221
Registered: ‎06-19-2011
0

Re: Praise the Lord! (and Congress)

Reno, if you haven't ever received enough crop insurance to cover your premium for over 30 years, congratulations. You must literally live in the "Garden Spot of the Earth". Never suffering drought, hail, frost, etc, etc, etc..., for 30 years must be commended.
Veteran Advisor
r3020
Posts: 13,036
Registered: ‎05-13-2010
0

Re: Praise the Lord! (and Congress)


Palouser wrote:
Subsudies will continue to flow to farmers like a waterfall! The emphasis will be more on subsidized insurance! Meaning a government backstop on revenue will be greater and cash rents by the big boys will squeeze.margins to nothing except for the best of years because so little will be at risk and it can be penciled in beforehand!!! Mark my words. This will become a slow rolling disaster.

The House dawdled but the original truth prevailed. Rural America was well taken care of by their representatives and red states will continue to take in more than they pay. As always has been true. Cotton, rice and sugar will be especially guarded.

SNAP (which was already cut last year) will be used as the whipping boy to divert attention from the continued welfare to farmers.

And Congress proves again what I've always said. Your representative's job is to bring home your bacon and blame it on someone else, as if they intended otherwise.

Big FAIL for Congress for not cutting ANYTHING in a meaningful way. There will be no meaningful structural reforms in the future unless one side or the other can gore the other's ox - but never at the cost of their own.

Should be a HARD cap of $10,000 or less for any kind of subsidy for the first 10 years of any farmer's career. From then on no subsidy of any kind. All it does is subsidies the BTO against a young feller trying to get into the business. If any BTO wants to insure his risk he can do so on his own dime. If it is not worth it to him neither is it worth it to the rest of society. Let the water seek it's own level without artificial dams or valleys being constructed by the federal government.

extremism: Spending dollars yet to be earned by children yet to be born.

The country will heal when the people riot to be free of the government not when they riot for the government to give them more for free
Contributor
Reno31
Posts: 22
Registered: ‎03-08-2011
0

Re: Praise the Lord! (and Congress)

Oh I have collected non subsidized hail insurance. My point is multi peril or RA like we call it now is not as great as it is made out to be. I have lower APH's due to many years of history and with today's hybrids they can make those yields with a pretty lousy crop year.

Veteran Advisor
Shaggy98
Posts: 4,221
Registered: ‎06-19-2011
0

Re: Praise the Lord! (and Congress)

Hail also creates a payment on crop insurance not just non-subsidized hail insurance
Frequent Contributor
DKIL
Posts: 55
Registered: ‎08-02-2011
0

Re: Praise the Lord! (and Congress)

Palouser,   SNAP was cut a big whopping 1% after the huge increases in this welfare program the last 5 years.  

Veteran Advisor
Palouser
Posts: 2,288
Registered: ‎05-13-2010
0

Re: Praise the Lord! (and Congress)

SNAP was also cut last fall by 5 billion, unlike farm subsidies that stayed the same. But it doesn't matter, as nothing was cut much. On a per capita basis for those eligible the farm subsidies are probably still much more lucrative than SNAP. Not that many farmers.

The issue is that the Congress and polotical parties are not serious about cuts unless they think it is to the constituency of their opposition.

The Farm Bill is PROOF POSITIVE of this fact. I guess everone can get off their high horse on this issue.
Contributor
stewartbundrick
Posts: 17
Registered: ‎05-14-2010
0

Re: Praise the Lord! (and Congress)

Pal, where/how is the cotton/rice farmer guarded? have not read the bill but interested in your take. thanks

Contributor
Reno31
Posts: 22
Registered: ‎03-08-2011
0

Re: Praise the Lord! (and Congress)

Shaggy, this year for instance I received almost $70,000 in hail insurance claims because they are figured on a per section basis were as enterprise RA is figured on all your acres. On my RA I received nothing. Now I am not complaining about my coverage I am just saying the risk on these policies is pretty low for the amount of subsidy these chosen few companies are receiving.