North Dakota Insurance

SI We asked to spend billions of Congress, the newspaper business, a risk free enterprise, would have laughed at our editorial in the Capitol. But it is mainly the work of American farmers - and insurance companies, as profits from premiums of the State Supported - get the federal government each year. The result, after a two-bedroom Post published this week investigation, billions of dollars wasted Confederation and more unfair and uncompetitive documentation, many of whom are farmers to work, would be left fallow in a free market.

The Post study found that many farmers do not benefit only supported by the State, Cut rate farm insurance but also the Confederation Disaster Fund. — This dual immersion means that farmers lose 35 percent or more power to a new harvest to 95 per cent of the money, they would have earned from selling their harvest. Ironically, Congress approved a complex Public-Private-system offers cheap farm insurance to all young people, for farmers entwöhnen-off disaster. But now that the federal government pays an average of 60 per cent of farmers, premiums, the legislature also continue to pass emergency aid for farmers redundant.

Because of the government largess, farmers in some parts of the country, less productive agriculture as the hospital to continue to plant - and federal money to eat. Post investigators M. Gilbert Gaul, Dan Morgan and Sarah Cohen has shown, for example, that in the last four years, Mark Orebaugh, a farmer south-west drainage of Kansas, has paid $ 81730 insurance premiums and got back $ 295796 on claims of more than 3 1 / 2 times what it in. He also disaster relief to consider, furthermore, since the essential parts of its crop were destroyed in four of the last six years . During the last 10 years, four of 10 dollars for disaster relief was only four states - Kansas, North Dakota, South Dakota and Texas. More than half of all agricultural payments are concentrated in 25 districts congress elections.

Improductifs farmers are not the only ones who exploit them. Insurance companies that work with the government proposes hood firm civil saw their profits balloon in recent years. The federal government sets the price reports, assistance to farmers to pay, and the insurer reimburses the administrative costs. Insurance companies, then put the responsibility for their accounts at risk on the taxpayer. Last year, the plant has sent insurers benefit of $ 927 million and took $ 829 million in management fees from the government.

However, North Dakota farmer Terry Aronson unpretentiously defended the system post-journalist. “The taxpayers to fund something good, rural life. But most Americans - far from the” life of the rural world “in urban and suburban - not only pay the opportunity cost of funneling money to farmers, but also the incalculable costs of failed trade negotiations, which violates U.S. consumers. America has a sentimental relationship with its arable land. But the preservation of rural life of a pair, unproductive farmers is not worth the price, it is worth doing so.