date:May 11, 2012
eral government $1 billion in 2011. Last year federal crop insurance was the most expensive program for farmers, costing the federal government nearly $9 billion. Of that amount, about $7.4 billion went to farmer premium subsidies, with the rest paid to help cover insurance company costs.
Currently, the government picks up between 38% and 80% of your crop insurance premium. The average subsidy is 62% If premium subsidies were limited to $40,000, it would have affected 3.9% of all farmers who pa