Monday, September 3, 2018

What Is It With Farmers?

Just one of those things ...
In my soldiering days I spent plenty of time in the country.   Even dealt extensively with farmers on one occasion, when I was appointed Damage Control Officer on an exercise that roamed over a huge area of private arable land, laying waste as it went (with compo to be agreed between the DCO and the landowners - I may tell the story another day).  But hey, basically I'm a townie through and through.

So what is it with farmers?  They've had a drought this summer and the testimony of the cameras is there for all to see.  But what about insurance?  Like forward contracts and other financial products, insurance was pretty much invented for farmers.  I am no stranger to weather insurance and weather-related derivatives (energy industry, me: we use 'em all the time) and they really aren't difficult to arrange.  All this whingeing about how farmers have already used up the winter fodder and now need to buy in more - that's what insurance is for, all day long.

Hard-hearted?  No, just hard-headed, as far as I am concerned.  So - can someone tell us what's wrong with this robust retort to our country cousins?

ND  


from Capitalists@Work http://www.cityunslicker.co.uk/2018/09/what-is-it-with-farmers.html

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