2 ms·
Crop insurance is one of the greatest advances in human history. I'm not even being sarcastic. It turns out subsistence farming and dying of starvation was pret
by forrestthewoods 11y ago
Crop insurance is one of the greatest advances in human history. I'm not even being sarcastic. It turns out subsistence farming and dying of starvation was pretty shitty.
- xtian 11y agoOh ok, so that's what the subsidies are preventing.
- joosters 11y agoAre you sure? A survey in 1977 showed that just 6% of farmers bought or sold crop futures (i.e. insuring a price for their goods). And apparently 3 in 4 of these farmers were buying futures (i.e. speculating on crop prices) rather than selling them.