President’s budget calls for cuts to crop insurance

President Barack Obama’s proposal to cut more than $1 billion from crop insurance would cripple farmers’ most important risk management tool, a coalition of farmers, crop insurers and lenders said last week.

The president’s budget proposal released last week aims to save $16 billion over 10 years by reducing crop insurance premium subsidies and tightening prevented planting crop insurance rules.

“We strongly oppose the...

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