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Want to help young/small farmers?
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John Burns
Posted 1/26/2019 09:43 (#7273688 - in reply to #7273671)
Subject: RE: limit crop insurance to 500 acres (or some other arbitrary number)



Pittsburg, Kansas
That is true. But the more important part is increase the risk for failure. If you have more skin in the game, the more likely you will be to more effectively manage your own risk. And if you do not and choose badly, you have a farm auction and someone else benefits.

As long as you can lay off the risk to someone else for almost free (subsidized insurance where the insured on average collect as much as they pay in), why not roll the dice? Someone else takes the hit if you are wrong.

John

Edited by John Burns 1/26/2019 09:46
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