Letter - Farmers must reap what they sowTo President Obama, please give these facts to Arkansas Senator Blanche Lincoln, but no taxpayer cash.
To the editor:
To President Obama, please give these facts to Arkansas Senator Blanche Lincoln, but no taxpayer cash.
The message is simple. Arkansas farmers under-insured their 2009 crop, using federal subsidized crop insurance, just like they have for years. This has saved them a ton of money because the policy they choose, the taxpayer pays 100 percent of the premium and the farmer pays only a small administrative fee. This compares to farmers in the Corn Belt who traditionally pay 40 percent of the premium and receive full coverage or hundreds of dollars more in income protection per acre, all by choice.
So if you compare all the federally insured crops grown in Minnesota in 2009 to Arkansas, you would find the following: Arkansas farmers insured all their crops in 2009 at an average protection level of $202/acre, while Minnesota farmers insured at an average protection level of $359/acre.
Oh, she said Arkansas farmers have a high input crop of rice to protect, but, Mr. President, they choose to protect rice at only $368/acre. Minnesota farmers’ high input crop is sugar beets, which they protected at $737/acre. Plus the Arkansas rice crop annually receives $91/acre in Direct Farm Subsidy payments, while the sugar beets receive zero Direct Subsidy dollars/acre.
So tell Senator Lincoln that farmers must reap what they sow and stop reaping the taxpayer!