Hurricane Florence dealt another blow to SC farmers. Now they say they need help.
Rabon, the 63-year-old owner and operator of
Early estimates suggest about
Flooding destroyed more than 70 percent of Rabon's cotton in 2015, when remnants of Hurricane Joaquin dumped a tremendous amount of rain on
Rabon borrowed nearly
"I can't keep refinancing," Rabon told
He has crop insurance, he said, but every time he makes a claim, his premium goes up and his coverage goes down.
Prior to 2015, his insurance covered about 900 pounds per acre, but now it's only about 300 pounds, likely about
"Imagine working hard for 12 months and then finding out you're in the hole (tens of thousands of dollars)," he said. "You probably wouldn't be sticking around at that job."
"They don't need low-interest loans," Allen said. "They need (a bailout) like they gave
"We must be certain that agriculture is at the table and included when we analyze the financial impact of
Rice said he felt confident the federal government would be able to provide farmers some assistance.
The federal government offered
Rabon won't know for sure the impact
"It ain't worth a crap," he said, flinging a boll of cotton to the dirt as he explained the seeds had sprouted early, which would lead to rot.
He sells his cotton through a broker in
Rabon also farms soybeans, which he suspected were mostly fine, but he hasn't been able to see those fields because
He has two sons that used to work for him, but they had to quit and take other jobs even before the series of natural disasters because commodity prices have dropped, and there's not enough revenue to be gained for the three of them.
"When my toes turn up, I ain't got a youngin to take over," Rabon said, upset that
"Our government better realize we feed this country," he continued. "Just cause Ronald quits, I know the country won't go hungry, but if every (farmer) quits, it will."
___
(c)2018 The Sun News (Myrtle Beach, S.C.)
Visit The Sun News (Myrtle Beach, S.C.) at www.thesunnews.com
Distributed by Tribune Content Agency, LLC.


EDITORIAL: Simplifying health care: A small step may help Vermont patients get better care while costing less
Studies from Beijing Jiaotong University Have Provided New Data on Risk Management (How does intersection field of view influence driving safety in…
Advisor News
- Help women break through their retirement roadblocks
- Advisors await SEC decision on Vanguard fair fund distribution
- What to do when adult children become the client
- Judge rules insurers not liable for Newport Group’s AME Church pension lawsuit
- Why vacation homes are becoming a major blind spot for advisors
More Advisor NewsAnnuity News
- Legacy Marketing Group partners with Malibu Life USA for annuity launch
- Best’s Market Segment Report: Global Life/Annuity Reinsurers Remained Poised for Steady Growth
- When technology becomes easy to rent, what still separates life and annuity carriers?
- Legacy Marketing Group® and Malibu Life USA Announce Distribution Partnership for New Fixed Indexed Annuity Platform
- Empower Annuity Insurance Company of America Trademark Application for “EMPOWER WHAT’S NEXT” Filed: Empower Annuity Insurance Company of America
More Annuity NewsHealth/Employee Benefits News
Life Insurance News
- How advisors can get clients to act sooner on life insurance
- AM Best Affirms Credit Ratings of Crum & Forster Insurance Group’s Members and Monitor Life Insurance Company of New York
- AM Best Affirms Credit Ratings of Life Insurance Company Centras Life JSC
- AM Best Withdraws Credit Ratings of New Providence Life Insurance Company
- When technology becomes easy to rent, what still separates life and annuity carriers?
More Life Insurance News