date:Jun 07, 2012
ecent years, along with higher commodity prices, to a level of about $7.4 billion for 2011.
Crop insurance companies, which have already seen federal support cut twice since the 2008 farm bill was passed, are still doing well. By selling these policies, they get a 14% return--not a bad deal, said Durbin, who is Senate Majority Whip.
Durbin didn't say exactly how he and Coburn plan to trim crop insurance spending, but Mary Kay Thatcher, a lobbyist for the American Farm Bureau Federation, told Agr