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Arable Farming
Cropping
Crop Insurance Launched
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<blockquote data-quote="Hampton" data-source="post: 5965030" data-attributes="member: 6937"><p>You are right, insurance does seem a lot safer.</p><p>Insurance was particularly safe in the late 80’s and early 90’s when suddenly many farmers in Lloyd’s of London suddenly discovered that many of their syndicates were writing naked options on asbestos policies in the USA. Also many farmers with Lloyd’s of London were involved with the fraudulent Gooda walker insurance syndicate.</p><p>Many farmers and landowners lost huge sums of money and/or their farms based on getting involved in insurance, and much of that was discovered to be unlawful if not unregulated, so don’t think you are choosing something that’s safe over something that isn’t.</p><p>I think it is likely to be an excellent tool and I will almost certainly use it, but eyes need to be firmly open.</p></blockquote><p></p>
[QUOTE="Hampton, post: 5965030, member: 6937"] You are right, insurance does seem a lot safer. Insurance was particularly safe in the late 80’s and early 90’s when suddenly many farmers in Lloyd’s of London suddenly discovered that many of their syndicates were writing naked options on asbestos policies in the USA. Also many farmers with Lloyd’s of London were involved with the fraudulent Gooda walker insurance syndicate. Many farmers and landowners lost huge sums of money and/or their farms based on getting involved in insurance, and much of that was discovered to be unlawful if not unregulated, so don’t think you are choosing something that’s safe over something that isn’t. I think it is likely to be an excellent tool and I will almost certainly use it, but eyes need to be firmly open. [/QUOTE]
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Crop Insurance Launched
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