NEWS
Marcia Zarley Taylor DTN Executive Editor
Wed May 15, 2013 03:31 PM CDT


Crop Insurance Rebuttals

Critics like Iowa State University economist Bruce Babcock argue crop insurance overhead and premiums subsidies are bloated (see DTN's "Raising Cain Over Crop Insurance," http://goo.gl/… in top news.) In a recent study for the Environmental Working Group, he contends that the harvest-price adjustment used in popular revenue insurance products more than doubled the cost of 2012's claims.

That's the provision that compensated insured corn growers at $7.50/bu. last fall, instead of the original $5.68 spring price. Without the harvest feature, claims would have run only $6 billion in 2012, Babcock says, not the record $17.2 ...

Quick View
  • Xtend Moves Forward USDA has issued its final environmental impact statement recommending full deregulation of Monsan...
  • Land Market What could the next year hold for land values?
  • No Agreement on Tax Extenders White House spokesman Josh Earnest on Monday said in his daily briefing that the White House woul...
  • Senior Partners - 4 At-your-service consultants help you walk through estate planning from start to finish.
  • Dow's Gutsy Decision Dow's decision to launch Enlist offers some hand-selected growers a chance to test drive new tech...
  • Congress Reaches Funding Deal The overall Agriculture Department and related agencies bill would cost $20.5 billion for fiscal ...
  • Need To Bee Accurate A news story had the wires buzzing Tuesday afternoon after a report that EPA was set to restrict ...
  • Kub's Den The Dakotas lost more than $130 million in grain revenue during the 2013-14 marketing year compar...
  • Ask the Vet What can I do to improve udder quality in my herd?
Related News Stories
Senior Partners - 4
Year-End Tax Panic
Ag Interest Rate Snapshot
Klinefelter: By the Numbers
Automating the Farm Workload
Pillars of Leadership