NEWS
Taxpayer Bloat or Farmer Safety Net?
Marcia Zarley Taylor DTN Executive Editor
Mon May 20, 2013 11:00 AM CDT

AMES, Iowa (DTN) -- In the financial world, Warren Buffett asks critics to expose flaws in his investment strategies and offers them the podium at annual meetings. But when it comes to federally subsidized crop insurance, critic Bruce Babcock isn't feeling the love.

Insurers, farm lenders, industry grain giants and equipment companies -- all who stand to profit by selling insurance -- "look at me with raised eyebrows," the former director of Iowa State University's Center for Agriculture Rural Development told DTN in an office interview this week. "I'm almost a pariah."

No stranger to controversy, Babcock has consulted for ...

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