Last week a coalition of 31 ag groups wrote to House and Senate Budget Committee leaders opposing crop insurance cuts. The groups say the agriculture community is committed to the belief that balancing the Federal budget is important – which is why the industry supported the passage of a farm bill that was estimated to reduce the deficit by 16.6-billion dollars. For the fact that crop insurance has contributed more than 1.2-billion dollars per year to reduce government spending since the 2008 Farm Bill – the groups wrote they strongly oppose the President’s budget proposal to make crippling cuts to crop insurance. They say attacking farmers’ most important risk management tool only weakens the farm safety net in the bipartisan farm bill Congress carefully crafted after years of deliberation.
Source: NAFB News Service