FARM BUSINESS NEWS
Minding Ag's Business
Marcia Zarley Taylor DTN Executive Editor
Tue May 21, 2013 03:52 PM CDT


Journalists are supposed to make the complex simple. What I am about to say involves crop insurance, so I apologize in advance.

Much has been debated recently about how much crop insurance costs in taxpayer subsidies. For the last year I've read more actuarial data, Risk Management Agency reports, Environmental Working Group exposes and insurance industry retorts than I care to remember. As Congress begins debate, it's worth a little fact checking. Don't err by saying a record $17.2 billion in claims paid to date on the 2012 crop are the true cost of the program. The real cost includes ...

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