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Nw Iowa | Here also has only 2 or 3 years where it guaranteed a profit over last 20. I think ag input suppliers have as much risk of crop insurance being pulled back as the farmers themselves. I also feel crop insurance just makes the farmer more brave to bid up rents as somebody will always bid it to where there is very little profit left. It is completely i false that insurance helps the young farmer. It does but makes inputs and land costs much higher as the BTO can bid land up to where he can make 25-50$ a acre and squeeze the little guy out. A young guy can’t survive on those margins. Crop insurance is what is creating mega farms as it is grease that keeps their bankers happy and allows them to take major risks on big amount of acres. | |
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On crop insurance..
