WASHINGTON–Reimbursement rates for selling crop insurance policies would be reduced and anti-rebating laws tightened under a compromise measure extending farm subsidy programs expected to be passed by Congress this week.
The House passed the bill yesterday by a veto-proof margin of 318-106, and the Senate was expected to follow suit.
"The 2008 Farm Bill is certainly not perfect, but it is an essential piece of legislation for America's farmers and our entire agricultural industry," said Charles Symington, senior vice president of government affairs, for the Independent Insurance Agents and Brokers of America.
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