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  • bucket
    Senior Member
    • Jan 2008
    • 17033

    #11
    It seems the American farmer is better appreciated as a component of the economy .

    Whether it be in their farm programs, their ad hoc payments or their overall representation in the government.

    Comment

    • bucket
      Senior Member
      • Jan 2008
      • 17033

      #12
      Let's get back to the real question. If the insurance company like GARS needs government help in one form or another and they get a seat at the table.

      WTF does an individual get for representation?

      Comment

      • foragefarmer
        Senior Member
        • Mar 2014
        • 3505

        #13
        Originally posted by bucket View Post
        It seems the American farmer is better appreciated as a component of the economy .

        Whether it be in their farm programs, their ad hoc payments or their overall representation in the government.
        Ritz and company had strong represention in the West and the opportunity to show appreciation regarding benifical Ag Programs, but he even diluted Ag Stab.

        There went the chance.

        Comment

        • bucket
          Senior Member
          • Jan 2008
          • 17033

          #14
          Yup and the Liberals assumed we liked the phucking he gave us and continued. Logically it made sense.

          Now we have agriinvest at 1% on sales to a max, as opposed to 3% on NISA.

          1% is 5 generations to build enough to cover one years expense.

          Do I blame government - nope. I blame the farm reps that went along with it but as recently seen they are just self serving pricks pretending.

          Comment

          • bucket
            Senior Member
            • Jan 2008
            • 17033

            #15
            Plus now you have Kevin Hursh talking about using agriinvest money to offset insurance costs.

            From the WP

            """""Cancelling AgriInvest would create a huge backlash, but what if the program money had to be spent on private farm insurance plans. Here is your one per cent of eligible net sales up to $10,000, but the money must be used exclusively to cover up to 50 per cent of the cost of non-subsidized insurance products.

            That could be private hail insurance, margin insurance programs such as Global Ag Risk, Livestock Price Insurance or any new private programs that may be launched because the cost to farmers has effectively been cut in half."""

            Comment

            • farmaholic
              Senior Member
              • Sep 2010
              • 17483

              #16
              Originally posted by bucket View Post
              Plus now you have Kevin Hursh talking about using agriinvest money to offset insurance costs.

              From the WP

              """""Cancelling AgriInvest would create a huge backlash, but what if the program money had to be spent on private farm insurance plans. Here is your one per cent of eligible net sales up to $10,000, but the money must be used exclusively to cover up to 50 per cent of the cost of non-subsidized insurance products.

              That could be private hail insurance, margin insurance programs such as Global Ag Risk, Livestock Price Insurance or any new private programs that may be launched because the cost to farmers has effectively been cut in half."""
              .....and watch the premiums increase because we're forced to spend it on insurance. Just like when people cry ad hoc payments get capitalized into HIGHER land prices.

              Comment

              • bucket
                Senior Member
                • Jan 2008
                • 17033

                #17
                So the 90% is only good for the 2025 season.

                Comment

                • farmaholic
                  Senior Member
                  • Sep 2010
                  • 17483

                  #18
                  Originally posted by bucket View Post
                  So the 90% is only good for the 2025 season.
                  I think so.
                  But they actually haven't made triggering a payment easier, they are only covering a larger portion of the amount below 70% of your olympic average margin, which is the same as last year's trigger point.

                  Comment

                  • Sodbuster
                    Senior Member
                    • Mar 2017
                    • 1133

                    #19
                    So to rephrase they pay 90% of 70% which equals 63% of your olympic average? Did I get that right or did I miss something?

                    Comment

                    • SASKFARMER
                      Senior Member
                      • Dec 2005
                      • 7033

                      #20
                      Lep i think you are wrong.
                      IF I FARMED in Montana and decided to sell got millions, set up my home before in Florida as my principle residence. Pay Montana tax on sale, under the new system in usa have huge capital gains exemption transfer the wealth to Florida pay fed tax on earnings each year, but rest is like our tax free because ansmericanliving in Florida pays no tax on investments.

                      American system is way better.

                      Comment

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