Taxpayer Bloat or Farmer Safety Net?

Raising Cain Over Crop Insurance

Iowa State University economist Bruce Babcock has spent much of the last decade arguing agent commissions and subsidies for crop insurance remain too high, but House and Senate Ag Committees are poised to add to program costs, not delete. (DTN photo by Marcia Taylor)
Iowa State University economist Bruce Babcock has spent much of the last decade arguing agent commissions and subsidies for crop insurance remain too high, but House and Senate Ag Committees are poised to add to program costs, not delete. (DTN photo by Marcia Taylor)
One of the creators of modern crop insurance now takes the thankless job as its chief critic. He admits "maybe only five people in Congress" share his views to raise premiums and eliminate the popular harvest-price coverage.

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