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Farmers Share of Losses

2013-05-21 23:10:00| Corn & Soybean Digest

With the farm bill in what could be the final stages before vote, theres still some talk of cutting crop insurance subsidies. This led Tom Zacharias, president of National Crop Insurance Services to point out that before farmers received a dime in crop insurance indemnity payments, they had shouldered $12.7 billion in losses as part of their deductibles to crop insurance policies. In addition, the premiums paid by farmers totaled $4.1 billion bringing their share of the disaster to $16.8 billion. News from Brock Associates read more

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