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Policy Plate BLOG

Your daily serving of food and farm policy.

Bumper Crop of Savings from Crop Insurance Reform

Wednesday, November 20, 2013

Looking for a way to save more than $60 billion?

Reducing subsidies to large farm businesses, crop insurance companies and their agents, and trimming their windfall profits could generate enormous savings, EWG has found.

Congressional Budget Office estimates developed during House and Senate consideration of the farm bill, demonstrates that taxpayers could harvest significant savings if Congress voted to:

·      Reduce Crop Insurance Premium Subsidies to pre-2000 Levels

·      End the Harvest Price Option

·      Subject Crop Insurance to Means Testing

·      End Subsidies for Insurance Agents

·      Share Risk with Insurance Companies

Read the full story on AgMag.

Read the Alex Rindler’s response to the critics of EWG’s billionaires report, which was released earlier this month.

Table Scraps:

The Huffington Post reports on the Hawaii County Council voting to ban both genetically engineered crops and biotech companies from operating on the Big Island.

The Los Angeles Times writes on the provision in the House-passed farm bill that could prevent California from implementing a state law that would require all eggs sold in the state to come from farms that meet animal welfare and standards.

Tweet of the Day: @RepMcGovern My full floor speech from earlier today on Vets and #SNAP: http://www.youtube.com/watch?v=lryvg9B7vfI …

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