NU Online News Service, March 1, 12:50 p.m. EST
WASHINGTON–Crop insurance carriers and independent agents say the U.S. Agriculture Department's latest proposed cuts in subsidies in the program as well as a "soft cap" on agents' commissions are both unwarranted and hurtful.
The concerns are arising despite a revised offer by the USDA's Risk Management Agency to reduce the proposed cuts in the program from $8.4 billion to $6.9 billion, an 18 percent change from the earlier proposal.
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