National Ag News
Insurance agent warns, ‘Don’t drain the crop insurance pool’
A leader in the crop insurance industry in Iowa has a warning for Congress and the Trump Administration.
“Don’t drain the crop insurance pool.”
Bill Pearson owns and operates HP Insurance in Sibley, Iowa and also chairs the Independent Insurance Agents of Iowa Rural Agents Conference. Pearson says proposals to cap crop insurance subsidies would increase insurance costs for larger farms and reduce participation by agriculture’s “least risky” operations.
“It would be like having everyone who doesn’t have a car accident being kicked out of the insurance pool, leaving only the people having insurance—needing insurance—who have a lot of accidents,” Pearson says.
Continue reading Insurance agent warns, ‘Don’t drain the crop insurance pool’ at Brownfield Ag News.
