Farm bill insurance blasted as too costly
Babcock argues that a simple county-based insurance policy would put a solid floor under growers’ revenue in areas hard hit by drought or other circumstances beyond their control and ensure that payouts only go to farmers who actually need the help. It would also encourage development of a private insurance industry that would offer risk protection products that farmers would be willing and able to buy without federal subsidies.
“That would be the kind of reform that farmers need and taxpayers deserve,” said Cox. “Ending direct payments and re-engineering crop insurance would save billions of dollars; savings that could be used for deficit reduction and investments in conservation, healthy food, research and other priorities that would provide far greater benefits to all of agriculture—and to taxpayers.”
- Scout for aphids in winter wheat
- El Niño development stalled out, but wet winter still predicted
- Ag markets posted divergent closes Wednesday
- Farm bill program to help farmers affected by severe weather
- Israel panel proposes 25-42% tax hike on mining companies
- Ag markets moved almost unanimously higher Wednesday morning
- How much corn can the ethanol industry use?
- Economist: Taxing P could reduce risk of algal blooms
- Commentary: Government wants farmers to quit farming
- What is the relationship between maturity group, yield?
- Commentary: Ambulance-chaser lawyers take on Syngenta
- Berman: Camouflaged activists threaten agriculture