Arizona Sen. Jeff Flake and Tennessee Congressman John Duncan both introduced legislation on March 5 that would cut $40 billion in federal crop insurance subsidies over the next 10 years.
According to the National Association of Wheat Growers, the Crop Insurance Subsidy Reduction Act (S. 446 and HR 943) would revert federal crop insurance premium subsidies to pre-2000 levels.
The introduction to the legislation came just before the Environmental Working Group and Bruce Babcock held a forum on March 6 to share their views on crop insurance.
Source: brownfieldagnews.com