4 ms·
The farmer may look disapointed in the photos, but with gov't FCIP crop insurance, he gets paid whether his crop grows or not. So this is a negative event for
by anjel 4y ago
The farmer may look disapointed in the photos, but with gov't FCIP crop insurance, he gets paid whether his crop grows or not.
So this is a negative event for the federal budget and taxpayers, but wheat farmers, get paid 85-90% of what the crop would have been worth at market, in the event of crop failures like this.
https://crsreports.congress.gov/product/pdf/R/R46686 https://crsreports.congress.gov/product/pdf/R/R46686
I believe this kind of risk mitigation is available to AgriCorps as well as individual farmers for all the major crops like cotton, soy etc.