The Government Accountability Office is calling for changes in the federal support given to crop insurance companies. This report recommends a reduction or recalibration of crop insurance subsidies for private insurance companies and farmers with the highest incomes. New York Senator Kirsten Gillibrand and New Jersey Senator Cory Booker requested this GAO report and will likely use it to secure crop insurance reform in the upcoming farm bill debate. The American Association of Crop Insurers, the Crop Insurance and Reinsurance Bureau and National Crop Insurance Services issued a joint statement, saying these changes would “dismantle the successful public-private partnership” that delivers crop insurance to farmers and ranchers.
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