Higher reference prices would benefit mostly Southern growers, says EWG
Sewell said, “We certainly should have limits on crop insurance,” which is open to all growers, regardless of size or income. The government pays 61 cents of each $1 in premium, with the subsidy estimated at $11.2 billion this year. The premium subsidy was $6.3 billion when the 2018 farm bill was enacted. The R Street Institute, a free-market think tank, says the subsidy should be lowered to 40 cents on the dollar.