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Diane Publishing Books
Crop Insurance: Reducing Subsidies for Highest Income Participants Could Save Federal Dollars with Minimal Effect on the Program
Anne-Marie Fennell (au)
The federally subsidized crop insurance program helps about 1 million participants manage the risk inherent in farming. In recent years, the governmentäó»s costs for the crop insurance program have increased substantially, and these costs have come under scrutiny as the nationäó»s budgetary pressures have been increasing. Unlike farm and conservation programs, the crop insurance program provides the same level of subsidies to participants regardless of their income. This report examines: (1) the percentage and characteristics of participants that would be affected if premium subsidies were reduced for the highest income crop insurance participants; (2) the impact, if any, on the crop insurance program; and (3) how the U.S. Department of Agriculture (USDA) could implement a reduction in premium subsidies for the highest income participants. Tables and figure. This is a print on demand report.
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