Crop insurance price guarantees to drop

us crop insurance program

Grain analysts are expecting those guarantees to fall yet again for corn, soybeans, and spring wheat, this year. According to recent predictions from grain analysts, the crop insurance price guarantees for American spring wheat, corn, and soybeans is going to fall by another 10 percent, this year, based on an analysis of February futures settlement prices. The USDA provides a subsidy for a minimum of two thirds of the insurance premiums paid by farmers. The crop insurance program, itself, has oversight by the USDA Risk Management Agency (RMA), which also…

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