Insurers oppose new subsidy-cut proposal for national crop program

03/1/2010 | PropertyCasualty360

The National Crop Insurance Services and the Independent Insurance Agents & Brokers of America are opposing a proposal by the U.S. Department of Agriculture to slash subsidies for a national crop program by $6.9 billion. Although the USDA reduced its proposed subsidy cuts by 18% from its earlier proposal, the new offer still "would continue to put at risk the depth and scope of crop insurance services in many agricultural areas of the country," said NCIS President Bob Parkerson.

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