Vilsack says insurance firms will accept cuts
Agriculture Secretary Tom Vilsack says he expects most if not all crop insurance companies to sign an agreement that will reduce the industry’s profits. “This is a fair deal and it’s reflected in the fact that we’re seeing a number of companies being prepared to accept the terms and conditions,” Vilsack said on a conference call […]
Senate leaders still unhappy with crop insurance changes
Sixteen U.S. senators, including the Agriculture Committee’s top Democrat and Republican, sent the U.S. Department of Agriculture (USDA) a letter on July 2 urging the administration to modify its proposed $6 billion in cuts to crop insurance. In the letter, the senators note that the $6 billion in proposed cuts over the next ten years will severely constrain […]
