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Diane Publishing Books
Crop Insurance: Considerations in Reducing Federal Premium Subsidies
Anne-Marie Fennell (au)
Federally subsidized crop insurance, which farmers can buy to help manage the risk inherent in farming, has become one of the most important programs in the farm safety net. Revenue policies, which protect farmers against crop revenue loss from declines in production or price, are the most popular policy type and account for nearly 80 percent of all premium subsidies. The crop insurance program's cost has come under scrutiny while the nation's budgetary pressures have been increasing. This report examines (1) trends in federal crop insurance costs and farm sector income and wealth from 2003 through 2012; and (2) the potential savings to the government and impacts on farmers, if any, of reducing federal premium subsidies for revenue policies. Tables and figures. This is a print on demand report.
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