Unlimited crop insurance subsidies cost the taxpayer billions of dollars a year and overwhelmingly flow to the largest and most successful farm businesses. Unlike other farm subsidies, crop insurance subsidies are not subject to means testing or payment limits. While some farms annually collect more than $1 million in crop insurance premium support, the bottom 80% of policyholders annually collect about $5,000.
The costs of two farm subsidy programs are spiraling out of control, belying Congressional assurances in 2014 that they would save taxpayers’ money, according to two recent estimates.
A lot is at stake for food and farm policy. It must remain a main course on the America's table.Read More
The farm subsidy lobby has been proclaiming that growers are suffering through a “farm crisis” as a result of falling commodity prices. A new EWG analysis released today, however, shows that the large farm businesses that receive the most subsidies are not doing as poorly as the industry claims, especially compared to other American families.
If you care about the environment, human health or helping small growers, you should support reform of the federal crop insurance program.Read More
Americans might think that there’s a formula to determine the amount of premium subsidies growers get through the federal crop insurance program. They’d be wrong. The subsidies are based on what politicians think taxpayers are willing to pay.
Think federal farm subsidies only help out struggling family farmers? Think again.
Crop insurance hikes up the cost of cropland -- bad news for small farmers who own their own land and growers, large and small, who rent acreage from landlords.
Federal crop insurance encourages growers to plant crops on land that is vulnerable to soil erosion and discourages landowners from adopting good conservation practices.Read More
The crop insurance industry must be getting desperate. The federal crop insurance program from which this industry profits handsomely is coming under increasing scrutiny. The industry’s claims to defend this bloated program are straying farther and farther from reality.
This week, President Obama released a 2017 fiscal year budget proposal that would save taxpayers more than $18 billion and better protect America’s land and water.
Like most Americans, I have firsthand experience on how insurance is supposed to work. I’ve had auto insurance since the end of high school when I got the keys to my first car. And I’ve paid for health insurance since my first real job out of college.Read More
Most farmers collect more money in crop insurance payouts than they pay in premiums on their federal policies over time, making the term “insurance” a misnomer, according to a new report from EWG.Read More
The federal crop insurance program – now the primary way taxpayers support farm income – is coming under increased and well-deserved scrutiny because of its high cost, lack of transparency and environmental implications.Read More
Proposed cuts to crop insurance and other expensive farm subsidy programs in the Obama administration’s 2017 budget would be good for taxpayers and the environment, EWG said in a statement today.Read More
The price tag for subsidizing cottonseed turns out to be a whopping $10 billion over the next 10 years. The cotton industry wants to take that big chunk of change out of the pockets of taxpayers who are already hard-pressed.
In 2014, Congress eliminated direct payments to farmers, replacing them with two new subsidy programs known as Agricultural Risk Coverage (ARC County) and Price Loss Coverage (PLC). The Congressional Budget Office declared that that this switch would save taxpayers billions of dollars over the life of the Farm Bill. It didn't.
The corn ethanol mandate requires refiners to blend more and more ethanol into gasoline. But there is already a “natural” marketplace demand for ethanol. If there were no mandate, gasoline refiners would still blend corn ethanol to boost octane and as an oxygenate to lower tailpipe pollutants.