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re: OT: Happy MLK Day!
Posted on 1/20/14 at 7:01 pm to rb
Posted on 1/20/14 at 7:01 pm to rb
My uncle grows pecans, once upon a time he mentioned the subsidy to me, that is why I asked. From the USDA website below. I'll admit I don't know how it all works, but there certainly are subsidies to crop insurance, pecans included. 65M worth in the last 15 years. I don't know how that impacts you, ill take you at your word.
"Insurance Guarantees, Coverage Levels, and Premium Subsidies
The coverage level, premium rate, and insurance amount (guarantee) remain the same for each year in the 2-year coverage module. The guarantee is based on your approved average revenue per acre. Your approved average revenue per acre is determined from your average gross sales of pecans per acre for the most recent 4 to 6 years. If you do not have production records for at least 4 years, you will be assigned a transitional revenue yield (T-Revenue). Indemnity payments are calculated for each year individually.
You can choose a coverage level from 50 to 75 percent of your approved average revenue, or Catastrophic Risk Protection (CAT) coverage based on 27.5 percent of your approved average revenue.
For CAT coverage, you pay an administrative fee of $300, and 100 percent of the premium is subsidized. Higher coverage levels are subsidized at lower rates, and USDA pays at least 50 percent of the premium. Premium and administrative fees are due annually for each year of the 2-year module. Carryover policyholders who cancel coverage by the January 31, 2014, cancellation date will not be assessed an administrative fee or premium for the 2014 crop year. For more information about coverage levels and premiums, please contact a crop insurance agent or your local county USDA Farm Service Agency office for an agent listing."
"Insurance Guarantees, Coverage Levels, and Premium Subsidies
The coverage level, premium rate, and insurance amount (guarantee) remain the same for each year in the 2-year coverage module. The guarantee is based on your approved average revenue per acre. Your approved average revenue per acre is determined from your average gross sales of pecans per acre for the most recent 4 to 6 years. If you do not have production records for at least 4 years, you will be assigned a transitional revenue yield (T-Revenue). Indemnity payments are calculated for each year individually.
You can choose a coverage level from 50 to 75 percent of your approved average revenue, or Catastrophic Risk Protection (CAT) coverage based on 27.5 percent of your approved average revenue.
For CAT coverage, you pay an administrative fee of $300, and 100 percent of the premium is subsidized. Higher coverage levels are subsidized at lower rates, and USDA pays at least 50 percent of the premium. Premium and administrative fees are due annually for each year of the 2-year module. Carryover policyholders who cancel coverage by the January 31, 2014, cancellation date will not be assessed an administrative fee or premium for the 2014 crop year. For more information about coverage levels and premiums, please contact a crop insurance agent or your local county USDA Farm Service Agency office for an agent listing."
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Posted on 1/20/14 at 7:01 pm to Prettyboy Floyd
Who said I didn't vote?
Posted on 1/20/14 at 7:01 pm to Prettyboy Floyd
I work for the govt 7 days a wk, 365 days a yr. I sometimes put in as many as 70 hrs a wk to insure my govt is happy with the job i'm doing . I usually have a review of my job performance around the middle of April, every fricking yr.
Posted on 1/20/14 at 7:01 pm to FooManChoo
quote:
OT: Happy MLK Day!
Posted on 1/20/14 at 7:02 pm to Jefferson Dawg
quote:
We are not team-mates. I don't vote
Do you even read the drivel you type.
Posted on 1/20/14 at 7:03 pm to rb
quote:
I work for the govt 7 days a wk, 365 days a yr. I sometimes put in as many as 70 hrs a wk to insure my govt is happy with the job i'm doing . I usually have a review of my job performance around the middle of April, every fricking yr.
quote:
I work for the govt 7 days a wk, 365 days a yr. I sometimes put in as many as 70 hrs a wk to insure my govt is happy with the job i'm doing . I usually have a review of my job performance around the middle of April, every fricking yr.
How exactly is growing pecans working for the gov't. Enlighten me please.
Posted on 1/20/14 at 7:04 pm to Eldrewo
quote:
You do realize that the GDP is directly tied to Government spending, right? When the economy is doing poorly, governments (not just in the U.S.) increase spending in an effort to stabilize the economy. You may not agree with that approach, but government spending definitely adds to the economy. There is simply no way around that fact. They are not in separate vacuums, but instead coexist.
That money that the government "steals" from you is called taxes. They are a necessary evil. Taxes help to pay for things like military, police, teachers, roads, sports stadiums, etc... Again, you may not agree with the way every tax dollar is spent, but unless you have never used any government service (which isn't even possible), your money was not stolen from you.
Da, tovarich! Eta bolshoi pravda!
Death to the kulak counter-revolutionaries and all enemies of the State!
Za Rodina!
Za Lenina!
Za Stalina!
Posted on 1/20/14 at 7:05 pm to JacketFan77
quote:I got you and jefferson mixed up. Ya'll sound just alike so it's an easy mistake.
Who said I didn't vote?
Posted on 1/20/14 at 7:12 pm to PDXDawg
I pay an insurance company $175 dollars an acre to insure that my gross income per acre is $600. I've been purchasing crop insurance for 6yrs and have to date never had a claim. I have never received a dime from the USDA . My inputs are roughly $800 per acre ,and my lender requires my purchase of the insurance too protect their investment.
Insurance company inspects my orchards every 2 yrs to insure that productivity isn't an issue. If productivity is lower than $600 gross an acre over a 24 month span, the orchard is uninsurable.
Insurance company inspects my orchards every 2 yrs to insure that productivity isn't an issue. If productivity is lower than $600 gross an acre over a 24 month span, the orchard is uninsurable.
This post was edited on 1/20/14 at 7:19 pm
Posted on 1/20/14 at 7:14 pm to Jefferson Dawg
quote:
The trillions of dollars spent annually on defense
Not even close...DOD spending was about $680 million
about 20% of the budget.
Posted on 1/20/14 at 7:26 pm to rb
The subsidy goes to your insurer and reduces your premium.
"Government and Private Sector Roles - FCIC's mission is to encourage the sale of crop insurance -- through licensed private agents and brokers -- to the maximum extent possible. FCIC also provides reinsurance (subsidy) to approved commercial insurers which insure agricultural commodities using FCIC-approved acceptable plans. Since 1998, the private insurance companies reinsured by FCIC have sold and serviced all Multiple Peril Crop Insurance authorized under the Federal Crop Insurance Act.
Since there is both public and private sector involvement in the crop insurance program, these relationships result:
A contract of insurance exists between insured farmers and their commercial insurance providers.
Premium rates and insurance terms and conditions are established by FCIC for the products it develops, or established with FCIC approval for products developed by insurance providers.
Reinsurance agreements (cooperative financial assistance arrangements) exist between FCIC and the commercial insurance providers."
"Government and Private Sector Roles - FCIC's mission is to encourage the sale of crop insurance -- through licensed private agents and brokers -- to the maximum extent possible. FCIC also provides reinsurance (subsidy) to approved commercial insurers which insure agricultural commodities using FCIC-approved acceptable plans. Since 1998, the private insurance companies reinsured by FCIC have sold and serviced all Multiple Peril Crop Insurance authorized under the Federal Crop Insurance Act.
Since there is both public and private sector involvement in the crop insurance program, these relationships result:
A contract of insurance exists between insured farmers and their commercial insurance providers.
Premium rates and insurance terms and conditions are established by FCIC for the products it develops, or established with FCIC approval for products developed by insurance providers.
Reinsurance agreements (cooperative financial assistance arrangements) exist between FCIC and the commercial insurance providers."
Posted on 1/20/14 at 7:31 pm to PDXDawg
Look RB, I'm not trying to call you or anyone out. Certainly
I'm not the expert in this field. I am simply pointing out that most farmers, maybe not you, receive govt assistance in one way or another. Maybe they don't want it, maybe they don't know it, but it's there. My bet is your insurance company is receiving a subsidy for your policy, much like Medicare plans sold on the secondary market do.
I'm not the expert in this field. I am simply pointing out that most farmers, maybe not you, receive govt assistance in one way or another. Maybe they don't want it, maybe they don't know it, but it's there. My bet is your insurance company is receiving a subsidy for your policy, much like Medicare plans sold on the secondary market do.
Posted on 1/20/14 at 7:33 pm to PDXDawg
Row crop farmers and Nut farmers aren't one in the same,trust me.
Posted on 1/20/14 at 7:36 pm to RD Dawg
Make that $680 Billion - 5 times that of any other nation on the planet.
Team America World Police.
Team America World Police.
Posted on 1/20/14 at 7:42 pm to PDXDawg
Programs existed prior to my entry that reimbursed growers for planting a variety of clover cover crops that help offset the use of pesticides and non eco nitrogen dispersal onto orchard floors. These programs no longer exist. The usda offers programs for water stewardship and conversion from diesel to electric well water disbursement.
Posted on 1/20/14 at 7:45 pm to rb
pecans only account for 65M compared to 40B from corn, soy, wheat, and cotton (15yr total fromUSDA website).
Posted on 1/20/14 at 7:54 pm to PDXDawg
We produced 110 million lbs last yr alone. This season around 65 million lbs. Georgia pecan growers produced $233,941,290 in farm gate value during 2010, that being it's peak. Still, no where near row crop productions. Taking into account the lack of Chinese interest and the acreage established over the last 5 yrs ,coupled with a miserable growing season last yr,higher inputs ,and prices reminiscent of 1994......i'm not exited about my future.
This post was edited on 1/20/14 at 8:03 pm
Posted on 1/20/14 at 8:02 pm to PDXDawg
The U.S. definitely spends excessive amounts on the military. However, if anyone thinks there isn't a hell of a lot of government pork in the agricultural world they are naive as hell.
The military spending is on a higher level though of course.
The military spending is on a higher level though of course.
Posted on 1/20/14 at 8:11 pm to Dawg in Beaumont
Sure, there's pork all over. One mans pork barrel spending is another mans living. Costs need to be cut. There is no doubt. But let's not portray people benefitting from govt spending as mooches. Almost everything we eat is not only regulated but subsidized. Eliminating that effects everyone. There is a middle ground to be had but that kind of rhetoric doesn't fir up the bases.
Posted on 1/20/14 at 8:54 pm to RD Dawg
quote:
Not even close...DOD spending was about $680 million
about 20% of the budget.
$680 million?????
This thread is embarassing.......... The government's own book-keepers admit "defense" spending around 800 BILLION annually (and climbing). And.........of course, like anything the government reports, these insane and mind-blowing numbers are cooked and minimized so as to appear as low as they feel they can get away with.
If you factor in the State department and the V.A. and the money spent on nuclear weapons research, etc and etc and etc.............and not to mention the fricking interest on the debt to pay for this obscene empire...........well, the number is over a TRILLION just like I said.
But, by all means, go ahead and bury your head in the sand and tell yourself it's only $680 million a year!!!!
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