What's funny about farming is that you can do everything perfectly right and still get disastered out. It actually happens quite frequently. This is why crop insurance does not exist in the private marketplace. It'd be like trying to afford car insurance when you are guaranteed to have a claim every year or two. For agribusiness to work without crop insurance would require dramatically higher commodity prices so you could survive the disasters. You guys would **** having to pay $20 for a hamburger so the relative low cost of crop insurance subsidies gives a tremendous ROI.
Honestly, the focus of the latest farm bill on crop insurance subsidies is an improvement over the direct and counter cyclical payments from past farm bills. With crop insurance you actually have to plant something and try to make a crop. No more mailing it in and getting a check in the mail for doing nothing.
