The Miller press. [volume] (Miller, S.D.) 190?-current, 1919-10-09
HAIL INSURANCE
PAYMENT BEGUN
Total Amount To Be Paid Out Ap.
proximately $4,000

P1erre, >. WHO LOOK Gu
state hail insurance foo this year will
soon receive payment on the certif
Gates issued to them, since the state
hail department has disposed OF $780,
900 worth of bonds for this purpose
AS the season for adjusting hail loss
es In this state is closed, the totak
amount TO be paid out is practically
known, at $4,000. The receipts for
the season we're over a million, plac-
8sg the surplus at approximately 5000
present one of from 35c an acre east
of the Missouri river to 45c west OF
the stream, until this surplus reaches
TO $4,000, 900, after which the rate can
be lowered until the surplus is drawn
upon. The surplus draws iterest all
the time The season for the first ef-
fort at state hail insurance has been
a very favorable one, allowing a larg-
er accumulation of surplus than was
expected.
The situation over the northwest is
zeal enough closed that comparisons
are being made with other states try
ing out the plan. In Saskatchewan,
which has been carrying state hail in
for a number of years. the
rate is fixed on the total acreage at &c
an acre, and this year with losses of
81, goo. 900 II is found necessary to levy
an additional tax of &c an acre on
all seeded land to meet their losses.
In Montana the assessment is $l.50
on seeded acreage to meet their losses
While South Dakota was not hare
hit, North Dakota losses run to near
three million dollars, and they will
need to assess at least 35c an acre on
all seeded land in addition to the reg
ular assessment of three cents an acre
on all tillable land in the state. An
other feature OF the difference be-
tween this state and North Dakota is
found in the fact that the adjusting
In this state was done by Is men,
with not more than ten out al any ons
time. In North Dakota over 200 ad.
justers were out drawing pay from
the fund. Under their system the
farms in the western part of the state
who lost their crops by drouth. are
assessed just the same as those in
the eastern part. who had good crops,
also under their law, there is but $3.50
900 available to pay losses this year,
and holders of certificates over that
amount have to wait for their pay.
The main features of the difference
between the hail plans of S~askatche-
wan and North Dakota, and that OF
South Dakota. is that in those states
the landowner is called upon to pay
q part OF the assessment even though
he farms none of his tract, and the
cropped land is only assessed II the
general fund does not meet the losses.
In South Dakota, the man who will get
a benefit in case of hail is the one
assessed. as the whole assessment is
placed against the cropped land, and
the crop-raiser can avoid by the films
of q statement of withdrawal with
the county auditor.
Nebraska, while 1t does not have a
complete state hail insurance law, is
looking into the South Dakota plan
as a possibility for hat state, the In.
surance commissioner of that state
having recently visited the South Da
ktoa department to secure data as to
the workings of the law in this state
The situation has been most favor
able in South Dakota, and while only
about one fourth of the crop was in
sured this year. next year will bring
a much larger percentage with the
experience of this year..
n nf