House Approves Senate Crop Insurance Reform
On Friday (Oct. 11) evening, the House of Representatives approved a “sense of the House” that would reduce crop insurance premium subsidies by 15 percent for producers with an adjusted gross income over $750,000.
One percent of farmers, or about 20,000 people, would be affected by the provision, estimated to save $1.3 billion over 10 years. Crop insurance is the costliest part of the farm safety net. The farm bill would expand the program by up to 10 percent while cutting conservation and food stamps for the poor…
Crop insurance reform was the only farm bill "instruction" approved by the House during a series of votes that cleared the way to negotiations with the Senate. The "sense of the House" resolution, approved on a voice vote, is an indication of lawmaker sentiment but conferees are not bound by it.
To reform-minded groups, the House vote was a step to rein in subsidy spending and give a hand to family farmers. The Environmental Working Group (EWG), which wants more money for conservation, said the $750,000 AGI limit was a "modest" reform "to bring a measure of fairness to crop insurance subsidies."
Read EWG’s response to the House vote.
Watch Friday’s debate over crop insurance reform on C-SPAN (3:37:30-4:24:48).
Mark Bittman of the New York Times examines the challenges of feeding a growing world and what we could be doing differently.
Tweet of the Day: @RepMarciaFudge I look forward to working with anyone in Congress on a Farm Bill that recognizes feeding & farming go hand in hand>> http://www.cleveland.com/open/index.ssf/2013/10/rep_marcia_fudge_to_serv... …
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