Careful what you wish for: commodity groups ditch Sustainable Agriculture Strategy

[shtferbrains]

And shite for brains farmers and their families also got CEBA and income support payments after businesses closed, workers were laid off and everyone was locked down.

What about Sweden?
How did they handle it?

[chuckChuck]

And why does Sweden matter in the US and Canada who spent billions saving workers, businesses and people from untold hardship and bankruptcy.

Sweden has a much stronger safety net all the time! Are you proposing we adopt the nordic safety net programs?

[Hamloc]

Did you calculate the share of the premiums paid for by taxpayers every year? 60% paid for governments 40% by producers.
So you need to add those government paid premiums into what you received!

Check your math BP.

Think about what you asked Chuck2. BP pays 40% of the total insurance premium. His payouts from from AFSC are less in total than what he has payed in total in premiums, seems self explanatory. I would be in the same boat. In 20 years of paying crop insurance, I have certainly had hail insurance claims but never a crop insurance claim. No doubt what I have payed in premiums would exceed what I received in payouts. No math check needed.

[chuckChuck]

Think about what you asked Chuck2. BP pays 40% of the total insurance premium. His payouts from from AFSC are less in total than what he has payed in total in premiums, seems self explanatory. I would be in the same boat. In 20 years of paying crop insurance, I have certainly had hail insurance claims but never a crop insurance claim. No doubt what I have payed in premiums would exceed what I received in payouts. No math check needed.

Huh? So out of every $100 in total premiums the taxpayers pay $60 and the farmer pays $40. But the $60 that taxpayers paid is not a subsidy? The benefits to producers include the 60% paid for by taxpayers every year. So what is that number relative to what BP received in payments?

[shtferbrains]

Huh? So out of every $100 in total premiums the taxpayers pay $60 and the farmer pays $40. But the $60 that taxpayers paid is not a subsidy? The benefits to producers include the 60% paid for by taxpayers every year. So what is that number relative to what BP received in payments?

That is an odd coincidence.

I read an article long ago that said the insurance industry was the least efficient industry to deal with.
At that time they said 40% of the money went to the mutual pool used to pay claims and 60% of the money went to sales commissions and administration.

Basically the suggestion was you couldn't get ahead on insurance because of the 60% so only buy coverage for the things that you couldn't afford to replace or take the loss.

Lots of older well established farmers don't use insurance.

Do you buy much, Chuck?

[Hamloc]

Huh? So out of every $100 in total premiums the taxpayers pay $60 and the farmer pays $40. But the $60 that taxpayers paid is not a subsidy? The benefits to producers include the 60% paid for by taxpayers every year. So what is that number relative to what BP received in payments?

Right. But if in total the farmer pays $40 in insurance premiums but only gets $20 in payouts, insurance was a net cost to the producer regardless of the taxpayer subsidy. Out of pocket expense still exceeds return, that simple.

[chuckChuck]

Simple if you ignore the taxpayers subsidies!
Now let BP check his math and use the correct and fair analysis instead of distorting it like you Hammy!

[Hamloc]

Simple if you ignore the taxpayers subsidies!
Now let BP check his math and use the correct and fair analysis instead of distorting it like you Hammy!

Please explain how if I spend more on crop insurance than I receive back in payments I am distorting the facts. The fact is my out of pocket insurance payments exceed what I have received in payments!! I am not complaining. I am thankful that in most years we get a decent crop.

[chuckChuck]

You are ignoring the crop insurance subsidies and are not paying the full cost! Taxpayers are helping you! Get it! Or would you rather pay the full cost?

[WiltonRanch]

You are ignoring the crop insurance subsidies and are not paying the full cost! Taxpayers are helping you! Get it! Or would you rather pay the full cost?

Question is how many other industries benefit from similar forms of subsidization? The other question if crop insurance premiums are subsidized then how was it possible for the ndp government of the day to dip into the pool to balance the books? You’d think if the Feds were providing 60% of the premium this might’ve been more of a creative accounting problem on the part of provincial governments.