To balance my recent post on the goodness of crop insurance, let me link to this Politico article on the returns crop insurance offers: when Rain and Hail was bought by the Swiss they promised Wall Street 15 percent return on investment. The Politico article mentions a new EWG study.
Here's a link to the EWG summary.
Both point out the $8 billion cost of crop insurance, greater than the direct payment and CFC programs currently cost. But a partisan of FSA can only feel schadenfreude, because EWG would make crop insurance free and open administration of it to competitive bids.