NEWS
Ag Policy Blog
Chris Clayton DTN Ag Policy Editor
Sun Oct 13, 2013 04:48 PM CDT

Higher-income farmers and the crop-insurance industry are likely going to cope with reduced federal cost share on crop insurance premiums.

Both the House and Senate Agriculture Committees passed farm bills out of committee without any income limits on crop-insurance premium subsidies. Through a bill amendment and a Sense of the House resolution, both chambers recognized that cutting back the premium subsidy is one small area of bi-partisan agreement among House and Senate leaders.

The Senate farm bill lowers the premium subsidy for farmers making more than $750,000 in adjusted gross income, or $1.5 million for married couples. Those higher-income farmers ...

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