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Seymour, IL | I don't think the comparison of direct payments and crop insurance is really comparing apples to apples....
I will be the first to admit that as a midwestern producer, I don't know what it takes to raise rice, peanuts, or cotton.
Insurance is a product to protect against loss...the same for fire, liability, hail,etc.
Crop insurance can provide yield, or revenue protection, and it available to most commodity crops.
the claims I have had the last 2 years were caused by yield losses, total settlement influenced by the change in prices
None of the insurance does anything unless there is a loss.
If you can control the water, you may take the yield risk out of the equation....and if prices do not typically vary enough to generate a revenue claim, the insurance may not be advantageous to your operation. However the premium reduction is available to producers regardless of where you farm.
Hence I don't understand trying to compare direct payments to crop insurance--all of us are losing the direct payments
However I am willing to be educated...how are you seeing them being comparable?
bryon | |
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New Farmbill thoughts have prompted me to ask this question. Who has been writing your checks?
