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S Illinois | Its the backstop its provides. Without that check, no matter the size, the industry would have had to reevaluate risk and return. If your liability is a total loss of a crop vs 15-25% of a crop things would be done differently. That minimization of loss means better returns that have a cumulative effect over the years.
Premiums currently are roughly 1/3 producer and 2/3 subsidy. And no if the government got out premiums wouldn’t suddenly get cheaper. That subsidy is again cumulative. | |
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Farmer Cash
