N.Y. senator proposes to trim $4.5 billion from crop insurance

  • Article by: JIM SPENCER , Star Tribune
  • Updated: June 4, 2012 - 10:56 PM

N.Y. senator proposes to trim $4.5 billion from U.S. program.

  • 3
  • Comments

  • Results per page:
  • 1 - 3 of 3
splinedJun. 4, 12 2:25 PM

Warning taxpayers *** massive dollar heist by smooth talking politicians and farmers taking place. What is being portrayed as reform is farmers giving up a few dollars in direct payments per acre in exchange for an insurance scheme that guarantees in most cases $100's of dollars per acre. This insurance scheme currently exists but proposals would reinforce this scheme and add $100's per acre in guaranteed dollars for participants. This scheme is currently nearly free for many farmers (CAT coverage) and many farmers curently receive from $100,000 to over $1,000,000 annually in insurance subsidies to pay for part of this scheme.

5
1
splinedJun. 4, 12 2:27 PM

The premise that government should offer business investment/profit insurance without size limits is a lethal arrow aimed at smaller producers. For government to guarantee that statistically the largest and potentially most profitable businesses will always have a vastly superior income grants the wealthiest an overwhelming competitive edge in a highly competitive business. Federal crop insurance is the essence of crony capitalism - the granting of superior financial benefits to a select few. Congress has truly become truly efficient in their efforts to minimize the ability of small farmers to compete in agriculture

5
0
sr4564Jun. 5, 1210:32 AM

Maybe both crop insurance AND food stamp subsidies should be reduced? When we're borrowing $$ at such a clip, any savings should be applied to reducing the deficit rather than giving it to another program, IMO.

2
1
  • 1 - 3 of 3

Comment on this story   |  

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT