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David Sparks Ph.d Crop Insurance
by David Sparks Ph.d, click here for bio

Program: Line on Agriculture
Date: May 22, 2018

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Crop insurance is working. The number of amendments on the table, subsidy caps, AGI means testing and the elimination of the harvest price option when it comes to revenue protection. The bottom line is these amendments will kill the program. This program is based out of participation in acres. If you put any caps or eliminate any of these programs, you will see up to 40% of the acres disappear from this program. The program will collapse upon itself. Your premiums will escalate and increase because of fewer participation levels. By removing your most established farmers and all those acres associated with them, you are doing the same thing as excluding the healthy people from health insurance. Take it from the farmers and ranchers who use crop insurance to manage the risks of modern agriculture. But cuts to the program in the form of subsidy caps, Adjusted Gross Income (AGI) means testing and the elimination of the harvest price option

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