Friday, November 04, 2011

Politico and EWG on Crop Insurance

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. 

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