Friday, February 13, 2009

Crop Insurance Subsidies

I knew we subsidized crop insurance, but not this much:

USDA subsidies have been changed for some crop insurance policies which may cause you to adjust your decisions on coverage. William Edwards at Iowa State says whole farm and enterprise units used to have lower premiums than basic and optional units. For 2009 they will have the same dollar value subsidy, which will be 55% for basic units, 77% for enterprise units, and 80% for whole farm units when selecting 75% coverage.

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