Government watchdog recommends steep cuts to crop insurance companies

Earlier this month, the Government Accountability Office released a report that outlines its proposal for how the government can improve the crop insurance program’s delivery and reduce costs to the taxpayers who help fund it without passing those costs on to the farmer.

Looking to cut costs, feds explore slashing insurance subsidies

The amount of money that the government spends on expensive crop insurance subsidies has long come under criticism. This month, a federal report found that small cuts to premium subsidies could result in hundreds of millions of dollars in savings. The findings come as the national debt soars near $17 trillion, but farmers say the cuts would hurt business.