Reforming Crop Insurance Requires Paying Off the Losers

It’s been a hectic couple of weeks in Congress. In a historically unprecedented vote, House Speaker Kevin McCarthy (R-CA) was removed from the speakership in a putsch led by Representative Matt Gaetz (R-FL). In the meantime the debt ceiling has yet to be resolved, and the Farm Bill, one of the biggest contributors to the U.S. debt, has recently expired. Curiously, expiration does not affect funding for the Federal Crop Insurance program, one of the Farm Bill’s most expensive programs. 

 

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