#riskmanagement Today #farmer in our household was able
To access #usda #pricedata to buy #insurance.
#price for #beefcattle being insured flat
#price to pay private insurance way up
This program replaced many years ago USDA crop #subsidy which created market distortions.
A price is listed daily 430pm
Must call ins agent to bind coverage before 830am next day
Unsubsidized price is 50% ish higher than with #usda paying some of the premium to private for-profit insurers.
#HowStuffWorks