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Boone & Crockett
Posted 5/22/2019 12:35 (#7513007 - in reply to #7512973)
Subject: RE: Interesting Table: Acres left to plant by state


wade garrett - 5/22/2019 12:24

What do you think insurance companies think. PP payment probably bigger than most claim, on that many acres could that break them?
No. the majority of risk is assumed by FCIC. Private companies are more for the implementation of the program, handling and administrating. Been awhile since I’ve delved into the mechanics, but be pretty hard for them to lose money with the reinsurance agreements in place. The taxpayer carries the risk.

Edited by Boone & Crockett 5/22/2019 12:35
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