A piece on crop insurance in other countries. Apparently it's being adopted more and more. In China:
"China’s
comprehensive financial support for its farming sector was $156 billion
for the year 2011, which included insurance premiums, disease and fire
prevention resources and insurance licenses. Insurance covers crops and
livestock and is typically a combination of compensation offered by the
central government, the provincial governments and even some city
governments. "
Personally I'd question the dollar figure--it might well be the result of a purchasing power conversion. However, what's the chances of our getting into an "arms race" on the farm front with the Chinese--i.e., "how can our poor farmers compete when our government only provides X dollars in support when the Chinese provides so much more?" :-)
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