FarmPolicy.com reports today on a report by the Congressional Research Service (CRS) outlining the biggest issues for the next Farm Bill. The report mentions increased calls for a departure from direct payments in favor of expanded insurance and disaster programs, and linking payments to farm revenue as opposed to commodity prices.
“Managing farm risk—Crop insurance has very high participation rates, a result driven in part by the high subsidization levels but also because the program in fact reduces both yield and revenue risks. Some members of Congress and policy observers have wondered if crop insurance might be the only element of the farm safety net that remains in the distant future if farm programs are rationalized and funding is reduced.
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