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by anjel
1460 days ago
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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 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. |
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