NEWS
Ag Policy Blog
Chris Clayton DTN Ag Policy Editor
Tue Mar 5, 2013 04:51 PM CST

Two Republicans in Congress have introduced legislation they argue would help reform the crop-insurance program by cutting the premium subsidy.

Sen. Jeff Flake of Arizona and Rep. John Duncan of Tennessee introduced bills in their respective chambers called "The Crop Insurance Subsidy Reduction Act of 2013." The lawmakers announced their proposals Tuesday at an event in Washington hosted by the Environmental Working Group.

Flake cited that the bill would reduce premium subsidies to levels seen before the Agriculture Risk Protection Act was passed in 2000. Flake stated in a news release the legislation would save $40.1 billion over 10 years. ...

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