25-05-2017 00:02 via insuranceinsider.com

Trump's crop insurance subsidy cut ignites criticism

Farmers and crop insurers came out swinging against a proposed
36 percent cut in federal crop insurance subsidies under President
Donald Trump's first spending plan, sent to Congress on
Monday.
The proposal would bar the subsidies, which in some cases have
topped $1mn, to farmers with gross income of $500,000 or more, and
cap the amount of premium aid at $40,000 per farmer, according to
summary budget documents from the US Department of Agriculture. The
USDA manages the crop insurance...
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