Crop insurer returns drop under USDA programme

Falling returns for private carriers writing government-backed
multi-peril crop insurance (MPCI) in the US could lead to exits
from the market, according to a new report.
Net returns on retained premiums plunged to just 1.5 percent on
average in the period from 2011 to 2015, compared with 14.1 percent
from 1998 to 2010, a study released by the National Corn Growers
Association shows.The average return was expected to be 5 percent
for the most-recent period.
The report pointed to...