Crop insurance program wastes $7.8 billion, says environmental group

Corn Belt - GMO Crop Insurance program
Consumers shopping around for bette...
➡️ WATCH TOP INSURANCE NEWS STORIES IN: ENGLISH & SPANISH

A new report has suggested that farmers in the Corn Belt have been massively overcompensated. The results of an analysis that was commissioned by the Environmental Working Group (EWG) have now been released in a report which suggests that the federal crop insurance program’s compensation to farmers in the Corn Belt who experienced the greatest devastation from the drought in 2012, had actually been too high by an estimated $7.8 billion. The payouts from that disaster totaled approximately $14 billion, but the report said that far less would have sufficed.…

Read More