NU Online News Service, April 7, 2:50 p.m. EDT
Crop insurers are challenging a new study on their profitability commissioned by the U.S. Department of Agriculture, saying it is misleading and should not be used to set the rate of return for crop insurers participating in the Federal Crop Insurance Program.
The issue is critical for crop insurers and agents. Under pressure to provide additional funding for a food nutrition program, the U.S. Agriculture Department is proposing to slash the subsidies it provides to the crop insurance program.
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