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Federal Crop Insurance Subsidies - Issues & Reduction Proposals (Hardcover)
Loot Price: R3,696
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Federal Crop Insurance Subsidies - Issues & Reduction Proposals (Hardcover)
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Many farm policymakers generally consider the federal crop
insurance program as the principal tool to help farmers cope with
the variable impact of weather on crop yields. The program makes
available subsidized policies that farmers may purchase each year
to protect against yield and/or revenue declines during a
particular growing season. Policies are available for about 130
commodities, covering crops supported by traditional farm programs
(e.g., corn, wheat, and soybeans) as well as many fruits,
vegetables, tree nuts, nursery crops, pastureland, and other
commodities. Farmers pay a portion of the premium, unlike farm
programs, which are free. Premium subsidies for federal crop
insurance have been instrumental in expanding program participation
to levels acceptable to policymakers. This book examines current
premium subsidies, proposals to limit them, and potential options
for Congress. Furthermore, this book examines trends in federal
crop insurance costs and farm sector income and wealth from 2003
through 2012; and the potential savings to the government and
impacts on farmers, if any, of reducing federal premium subsidies
for revenue policies.
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