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Senior Advisor

Re: CROP INSURANCE- 80% LEVEL TO MAX OUT THE TAXPAYERS MONEY.

Shaggy  - I will remember your good advice ---

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Senior Contributor

Re: CROP INSURANCE- 80% LEVEL TO MAX OUT THE TAXPAYERS MONEY.

Not sure where you got the higher $35/acre for the Direct Farm Subsidy Payments. In Iowa, the Direct Payments amount to only $20/acre and they max out at $40,000 per year. So in theory, the most money a guy can collect in Direct Payments is only $40,000 per year. $40,000 per year isn't  big bucks, but it does help out the cash flow.

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Senior Contributor

Re: CROP INSURANCE- 80% LEVEL TO MAX OUT THE TAXPAYERS MONEY.

With your lack of knowledge on the Farm Subsidy Payments and Crop Insurance I can tell  you don't even farm. Answer this question. Is it better to layer your Hail and Green Snap Insurance on top of te goverments Crop Insurance or just let the insurance stand alone. Also, is doing Enterprise Crop Insurance Units the best bang for your money, but can you tell me what the major disadvantage of doing Enterprise Farm Units. Bet you a beer that you don't even know what Enterprise Units are in regard to the big picture of Crop Insurance. Give it your best shot on explaining the Enterprise Farm Units and there #1 disavantage.

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Senior Contributor

Re: CROP INSURANCE- 80% LEVEL TO MAX OUT THE TAXPAYERS MONEY.

Yes, the Crop Insurance Subsidies get Capitalized into the value of 1 acre of farmland. However, since the Crop Insurance Subsidy is only 21 cents per bushel of corn, you can see that this Capitalzed Ratio is extremely low. In your opinion how much does the 21 cent per corn bushel  Crop Insurance Subsidy  increase  the price of 1 acre of farmland? $50/acre, $100/acre, or higher. With Class A Iowa farmland selling for over $12,000 (this Class A Farmland has a Corn Suitability Rating of over 80 CSR Units). Anyone care to guess how much the 21 cents per corn bushel Goverment Crop Insurance increase the land value? 21 cents per corn bushel isn't very much money in the big picture is it?

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