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by fujimotos
2746 days ago
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> ag futures are insurance for farmers I know nothing about futures, but how does it work? Insurance works because a loss happens to some individual, not to all members of the class of people at all once. So insurers can cover the specific loss with pooled money. But if ag price falls, every farmer (that is, all members of the insurance buyers) suffers loss, right? Won't it just bankrupt the insurance providers? |
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