Monday, December 03, 2012

"Welfare Queens" and Crop Insurance

Ronald Reagan made a career out of the welfare mother who financed a Cadillac and other abuses.  That thought, because I don't really like Reagan, sprang to mind when I read a post at Environmental Working Group, which led with these paragraphs:
"Marcia Zarley Taylor recently posted a blog aptly titled Extreme Insurance. As executive editor of DTN, which publishes The Progressive Farmer magazine and website, Taylor is one of the more cogent observers of crop insurance and this year’s drought.
Her post highlighted the happy experience of Seth Baute, a 26-year-old farmer in Bartholomew County, Indiana. As Taylor reported, the combination of a private sector insurance policy on top of a federally subsidized 85 percent Revenue Protection policy “will push [his farm’s] income to at least 110 percent what they had projected last spring when corn was supposed to tumble to $4 a bushel at harvest.”
 I haven't been able to access the post referred to, but EWG is not known as a friend of production agriculture so I would anticipate they will eagerly highlight anything in 2012 results which puts crop insurance in a bad light.

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