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| I see 2 problems, 1 is recurring between many types of insurance.
1) It seems people often forget what insurance does or what it's for. It's to save you in a disaster. It's not supposed to provide a return year over year. Most are probably better off if they never collect. It's not an investment. It is possible to over or under insure. It's also possible to self insure.
2) Would this subsidy paid directly to you not immediately be eaten by inputs, whether new iron higher seed or the neighbor bidding up rent? Costs will rise proportional to this subsidy, we're back at square one with no disaster relief, everybody is still pissed at the farmers and each other and the checks are still going out. Just get rid of it if that's the best we can do. | |
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Crop Insurance Subsidies