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To: SeekAndFind
Some smaller farmers may be hurt by the loss of subsidies with no replacement income like crop insurance

The author of the article is an idiot. "Crop Insurance" is not "income". The government currently pays about 60 percent of the premium, but insurance companys must take in 2 dollars for every one they pay out to survive. Insurance is NOT INCOME. Take away the subsidy for crop insurance and very few farmers will insure their crops. That will make the market price more volatile.

24 posted on 07/12/2013 8:40:26 AM PDT by Texas Fossil
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To: Texas Fossil

Why can’t they just hedge in the commodity markets? Also, why would food prices be so volatile? Food companies store more than one seasons worth of crops, no?


26 posted on 07/12/2013 11:43:22 AM PDT by 1010RD (First, Do No Harm)
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