Crop insurance

The House Agriculture Committee considers the Farm Bill today. The bill includes funding for crop insurance, the federal program that protects farmers from swings in crop yields, and prices. If insurance is cut back, that could be a problem should China makes good on its latest tariff threats.  Click the audio player above to hear […]

Tucked into the farm bill is language that would add means testing to the federally subsidized crop insurance program.

Even in severe drought, farmers who grow commodity crops such as corn and soybeans are significantly protected by insurance they buy from private insurers. The ultimate insurer in a disastrous year? Taxpayers.