NU Online News Service, Jan. 21, 3:50 p.m. EST

WASHINGTON–Proposed cuts for the U.S. Agriculture Department's subsidy to the crop insurance program are excessive and will likely lead to more consolidation in a shrinking private crop insurance industry, an insurers' representative told the agency.

Robert Parkerson, president of National Crop Insurance Services, which represents the carriers in talks with the Agriculture Department, made his comments as the NCIS submitted a counterproposal to the Agriculture Department this week.

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