According to a Government Accountability Office report requested by Oklahoma Senator Tom Coburn – the federal government could potentially save one-billion dollars a year by capping crop insurance subsidies at 40-thousand dollars per farmer per year. American Soybean Association President Steve Wellman opposes the potential cuts. He says it doesn’t make sense to make changes to a program that has been successful and critical to farming operations. Wellman says farmers are willing to do their fair share to help reduce spending – and are doing that in other areas – like eliminating direct payments. Senate Ag Committee Chair Debbie Stabenow also disagrees with proposals to change crop insurance.

Courtesy: NAFB News