Thursday, June 21, 2012

Pay Limit on Insurance/Conservation Compliance

The U.S. Senate voted Wednesday evening to reduce the taxpayer share of crop insurance premium subsidies for the largest farmers.
Along with that, farmers would not be able to ignore conservation compliance requirements if they forego commodity programs and rely strictly on crop insurance for their safety net.

[Updated: Carl Zulauf of Ohio State has a discussion of the history of payment limits and the crop insurance proposals here.]

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