National Ag News
Crop insurance cuts recommended, but groups push back
Aug 28, 2017, 15:28 PM
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System
A new report from the Government Accountability Office (GAO) recommends reducing the expected rate of return for companies that sell federal crop insurance.
The GAO says the insurance program’s target rate of return of 14.5 percent is about five points higher than is needed to provide “a reasonable rate of return” to those companies.
National Crop Insurance Services (NCIS), the organization representing private crop insurance companies, criticized the report, saying it greatly overstated net returns for crop insurance providers.
Continue reading Crop insurance cuts recommended, but groups push back at Brownfield Ag News.
