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Senior Contributor

Re: Just say NO! to FSA

The only reason they want the FSA to do it is because they want the acre numbers to be verified.  If the private companies where doing the crop insurance by themselves I don't think they'd be required to give the acre numbers to anybody.  Without the acre numbers how are we going to get those USDA reports?   With any money from the FSA in the form of direct payments are you going to volunteer to hand over your acres of corn and beans so the gov. can play with them to make the market move?   I should hope not.  

 

The other post are right my FSA office is such a disaster area that they could never get the crop insurance stuff right,   I would like to see what kind of premiums or coverage the private companies would come up with.   Now you can essentially "trade" weather on the CME can't you?   The tools are all ready in the box.  Could a private insurance company do something on its own now or is that against the rules some how? 

 

 

NO TO FSA CROP INSURANCE

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Senior Advisor

Re: Just say NO! to FSA

Why should the more productive areas subsaidize the less productive areas and encourage them to grow crops directly in competition to ours. Those marginal acres should be sewn to grass for pasture and hay for cows and calves that grow up and eat my corn.

 

The same argument the young and healthy say about caring for the aged and sick.

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Senior Advisor

Re: Just say NO! to FSA

It seems very interesting that so many players willing to paticipate in the selling of  crop insurance--- 

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Senior Contributor

Re: Who Do You Trust to Purchase Crop Insurance?

I would love to see the data because the gov't via the FSA actually did have Federal Crop Insurance once upon a time, and it was a complete disaster.  Private enterprise took it over, and they've done it cheaper and more efficiently.  I always look back on this as my premise against Obamacare which is sure to turn into a single payer system run by the gov't.  The gov't couldn't even turn a profit on a cathouse in Nevada.  I'm not too worried about FSA taking over Federal Crop Insurance. 

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Senior Contributor

Re: Just say NO! to FSA

There are nonsubsidized insurance products offered by insurance companies that do compete directly with Federal Crop Insurance.  For starters, what does everyone think hail insurance is?  There are a few smaller companies offering weather related products that pay when rainfall is below normal, temperatures above or below normal, etc.  From what I've seen of the rates, they are cheaper than Federal Crop rates if the subsidies were removed from Federal Crop.  However, one must be honest with regards to Federal Crop.  Most of us wouldn't buy it if it wasn't subsidized. 

 

I think it's somewhat comical how all the farm groups and such are raising a ruckus over Obama's budget wanting to cut a measely 2 percent from Federal Crop Insurance subsidies.  The subsidies are well over 50 percent.  I can't believe us poor farmers can't dig a little deeper in our pocket and pay an extra 2 percent here.  It's pretty sad that the American taxpayer pays more for our crop insurance than we do.  Actually, it's not just sad it's shameful.  I get a chuckle whenever I hear farmers condemning socialism.  Farming is one of if not the most socialized industry here in the U.S. 

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Veteran Contributor

Re: Who Do You Trust to Purchase Crop Insurance?

Yeah, talk about inefficient. A post man stops by your mailbox to check and see if you have mail whether you do or not. Where i live they could drive a 100 miles round trip and hit less than ten households. And you pay for him/her to do it. With UPS you simply let them know you have a package. Their more efficent means of doing their jobs reduces the cost to you. IF i remember the phrase right......i think its called logistics. IF the USPS was dropped there would be someone to pick up the slack of sending letters, guaranteed. (If its pofitable)

 

As far as crop insurance, sure insurers could OFFER "cheap" insurance, but it can only be offered if enough people buy into the system. If there are not enough people to support the system then its hard to make it cheap when payouts start to become more then inputs. 

 

Agriculture is the most important driver of our economy right now and is critical for a successful nation. Not many other industries can claim that title. Subsidized crop insurance is one way of maintaining that goal. 

 

 

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Senior Advisor

Re: Who Do You Trust to Purchase Crop Insurance?

Try and mail somehting with the brown truck for 44 cents---

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Advisor

Re: Who Do You Trust to Purchase Crop Insurance?

good call 289, maybe 44 cents isn't enough. check the difference in delivery prices between ups and usps, too.

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Senior Advisor

Re: Who Do You Trust to Purchase Crop Insurance?

good morning! The question is whether you want the postal service to be profit oriented or service oriented. This is a huge advantage to rural people to get that kind of service at the expense of urban people.The same could be argued about rural roads not paying their way versus urban raods with lots  of traffic.

 

I think the postage stamps are dirt cheap for the service we get. Certainly it is higher than yester year but what isn't except interest rates. 50 cents for a stamp and we pay $2.50 for a coke or a coffee at the resturant. My whole postal bill isn't $100 per year but then I'm not what you would call a big business.

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Senior Advisor

Re: Who Do You Trust to Purchase Crop Insurance?

Kraft-T a few years back I had a proposal to move an "axle lathe" to for the RR folks from Nebraska to New York City docks to go back to Germany for an overhaul---after the bids where let I got  2nd place which was alright with me having the DL folks perform this task---after several delays both ways domestic and International the winning bidder had to confront the customer with "addition charges" which made my job easier after that point---summing it up the fed and brown boys have bad days just like the USPS --- If fazing out the postal service will balance the budget I must be missing something ---

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