Agent associations joined the National Crop Insurance Services in criticizing the Obama administration's decision to cut the federal crop insurance program by $6 billion over the next 10 years.
Last week, the Overland Park, Kan.-based NCIS, representing crop insurance companies, promised to meet with company representatives to discuss the government action.
"We negotiated this contract in good faith with the USDA [United States Department of Agriculture] and we are frustrated that our concerns for the financial stability of this 30-year program were not adequately addressed," said Bob Parkerson, president of NCIS, in a statement.
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