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southern MN | I’m not exactly sure I understand what you said.
If farming wasn’t propped up with govt insurance, the biggest farms wouldn’t be able to get as big as fast.
The ‘family farm’ whatever that is would stay relevant for a bit longer.
Ag land wouldn’t be as highly valued, so it would have less property taxes.
We would not stop progress, nor would many acres of land go unplanted. We might use a few less inputs, and input prices would be a little lower. It wouldn’t stop the progression of more efficient, bigger, as all industry goes.
There might be slower progression to bigger, more mechanized, computer run farms with $15 employees running the place.
The insurance offloads risk, which makes getting lots of big money together for bigger operations much easier.
I suppose the debate is which way is better, and probably depends what you farm now.
Agriculture around the globe is used by governments to influence within and outside every country’s borders, so I’m not sure it would be possible to have followed a different path.
Paul | |
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Crop Insurance
