Latest insurance news report shows crop subsidy cap could create $1 billion in annual savings

Crop Insurance cuts

Crop insurance news update The latest Congressional auditors insurance news report, which is set to be released on April 19, 2012, will show that if there is a reduction in the subsidies given to large farms to pay for most of their crop coverage, the federal government would see an annual savings of approximately $1 billion. This report suggested that the government could cap the maximum amount to be paid to farmers every year through this subsidy at $40,000, in a similar way to the caps made by the government…

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