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North Central Illinois | Okay, I want to be sure I understand where you are coming from. You are pining for the good old days of LDP's? I'm sorry, but I've made far more money the last seven years than I ever did during the glorious LDP days of the 90's. I made money just not near as much. The whole LDP thing was just another huge subsidy. Kind of like the governments share of our crop insurance premiums. I can assure you that I received far more money in LDP's than I have in subsidized premiums over the years. During the last several years when things have been pretty good on most farms everyone has been proclaiming that they want less government involvement. Do away with the crop insurance subsidy. Blah, blah, blah. Now that things are getting lean again you want to go back to the LDP system? The crops insurance subsidy was established to get away from disaster payments doled out by Congress. It was supposed to be a safety net that would keep farmers in business when a disaster struck. Unfortunately the way it was written and the way the market evolved let it become a guarantee of profit for many. It was never intended to be that way. With lower markets again, I think crop insurance will return to what it originally was. A safety net. We can still debate whether or not the premium should or should not be subsidized but I think crop insurance will once again function more like it was intended. | |
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The market doesn't owe you a profit
