Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Farmers could see another round of cuts to crop subsidies under recent proposed changes to the Federal Crop Insurance Program (FCIP). Estimated cuts over the past 10 years total $12 billion. Senate legislation includes a provision for establishing a means test for crop insurance payments, but the provision was not included in a recent report by the House Agricultural Committee. Under the Senate’s proposed amendment, premiums would rise 15 percent for farmers with incomes of more than $750,000.

The FCIP is a primary risk management tool for farmers. Eighteen thousand agents serviced 1.15 million crop insurance policies in 2011. IIABA warns that limiting crop participation will have negative effects such as reducing producer financing, forcing farmers to look for disaster assistance elsewhere. IIABA wants to ensure that crop insurance agents can continue to advise farmers about coverage choices within the program.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.