NU Online News Service, April 12, 2:44 p.m. EST
The Government Accountability Office said today in a new report that the government should consider capping crop-insurance-premium subsidies for individual farmers or reducing subsidies for all farmers, or both.
In an example, the GAO report says that if a limit of $40,000 had been applied to individual farmers' crop-insurance-premium subsidies, as it is for other farm programs, the federal government would have saved up to $1 billion in crop-insurance-program costs in 2011.
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