date:Jun 21, 2012
vate insurance program that people purchase into.
As farm policy moves in the direction of risk management, Stabenow said the committee wanted to be certain that farmers participate in the crop insurance program.
We want to incentivize farmers to purchase crop insurance, Stabenow said.
It is heavily subsidized, with the federal government paying 62% of farmer premiums, on average. And its total cost over the next 10 years is projected at about $9 billion annually.
Senator Tom Coburn (R-O