US Senate approves change to controversial crop insurance program

crop insurance program

Crop insurance sees reforms at the hands of the Senate Crop insurance has been a matter of debate for U.S. lawmakers for more than a year. The attention drew more attention in the wake of the 2012 drought that threatened crops through much of the Midwest. The damage caused by this disaster successfully highlighted many of the problems that exist in the country’s current crop insurance program, spurring federal lawmakers to address these issues for the sake of economic stability and progress. Senate approves change to farm bill Late last…

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Crop insurance expansion approved by Senate panel

Crop Insurance cuts

The farm bill that would broaden the coverage has now received the approval from a U.S. panel. The Senate Agriculture Committee has just approved its version of the farm bill – the House is debating another – which would expand the reach of the federally subsidized crop insurance program and that will cost approximately $500 billion over a period of ten years. The bill will also make some limited cuts on the spending for the food stamps that are issued to the poor. The Senate bill is one thousand pages…

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