FARM BUSINESS NEWS
Minding Ag's Business
Marcia Zarley Taylor DTN Executive Editor
Mon Dec 3, 2012 11:37 PM CST

Crop insurance critics at the Environmental Working Group are trying to pick a fight over the cost of the federally subsidized program. They're claiming that the harvest price adjustment in revenue insurance is too generous to farmers and is responsible for a doubling of the cost of the federal subsidy since 2000. In their view, there's no excuse to adjust price guarantees in those rare years when prices soar at harvest. Afterall, the $5.78/bu. guarantee for corn last spring was pretty good, so who needed the bump to $7.49 this fall? Was it a good use of taxpayer dollars?

Since ...

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