Cattle Insurance

I had read about this insurance being stopped in a print publication but I knew nothing about it. <a href="http://www.billingsgazette.com//index.php?id=1&display=rednews/2004/01/20/build/state/30-cattleinsurance.inc">This article</a> at least gives some details about it. Cattle price insurance. A government run insurance program to protect a person from drop in price of cattle. This is a concept that I have never heard of. Why not a program to protect consumers from increase in car prices? Makes as much sense to me. My understanding is that the futures markets allow for hedging which is a method a producer can use to control risk. This method, not funded by the government, has been around for years. Why do we need a new, government funded, way of minimizing risk? Nanny state at its best, or worst depending on how you look at it.<br />n<br />n<b>Risk comes from not knowing what you're doing. Warren Buffett </b>