Ag program critics offer suggestions for farm bill reform - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
September 14, 2023 Newswires
Share
Share
Post
Email

Ag program critics offer suggestions for farm bill reform

Capital Press (Salem, OR)

Longtime critics of the farm bill safety net this week offered a long list of suggestions for what they called "simple reforms" to crop insurance and farm subsidies.

The Environmental Working Group held what it called a virtual "Future of Farm Subsidies" summit Sept. 5.

"The problem is not lack of funds, it's a lack of proper priorities," said one of the speakers, Josh Sewell, senior policy analyst for the budget watchdog organization Taxpayers for Common Sense. "We now need to focus farm programs on those truly in need and be sure they are fiscally responsible and reform (programs) to foster resilience, instead of dependence on taxpayer subsidies."

Suggested reforms include:

Reduce premium subsidies from 65% to 40%, and ensure they go to "people who live and work on farms."

Install a "reasonable" means test to ensure assistance is going to farms that need it.

Lower the income level to receive crop insurance subsidies.

Reduce guaranteed profit margins for approved insurance providers from 14.5% to below 10%, and eliminate administrative and operating expense reimbursement to make crop insurance providers more competitive.

Shift taxpayer funds to environmental protections, conservation practices and climate-smart practices.

Strengthen nutrition assistance programs to encourage healthy eating.

Create subsidy payment caps on "wealthy, large-scale farming operations" and emphasize aid and debt relief to "working family farmers," especially Black and other socially disadvantaged farmers.

Phase out subsidies to absentee interests.

Increase transparency.

Define success based on outcomes.

However, many of the reforms proposed by the groups have already been undertaken, a representative of a national agriculture organization told the Capital Press.

Parameters exist in every program, with means testing to ensure larger, wealthier farmers don't receive assistance they don't need, and to better reach medium and small farmers, Chandler Goule, CEO of the National Association of Wheat Growers, said.

"There are plenty of backstops out there to make sure every producer has the ability and can be eligible for whatever program it is they qualify for," he said.

But, he said, no program is perfect.

"I think we can always look at efficiencies and what products are being made available," Goule said. "There's always room for improvement."

Speakers during the summit argued against raising crop insurance reference prices, a top priority for wheat farmers in the new farm bill.

"By pushing up reference prices, you're basically pushing up the guarantee of being below that and the payout," said Jerry Theodorou, director of the finance, insurance and trade policy program for the R Street Institute think tank. "(Crop insurance) has become an exceptionally and unnecessarily generous program."

The federal government is the only entity large enough to back a crop insurance program, and producers still pay a portion of the premiums, NAWG's Goule said, adding that crop insurance is different from most other types of insurance.

Private insurance companies know that 4 million drivers won't wreck on the same day, he said, but they know one hurricane can destroy thousands of crops.

"They can't guarantee that that last hurricane that came through Florida wouldn't go up the coast and destroy five states," he said.

Groups such as EWG and Heritage Foundation offer "skewed" data and are funded by special interest groups, he said. Agriculture is an easy target for their fundraising efforts.

"The price tag and deep pockets behind them is the main reason you have to pay attention to them, not because their information is accurate or correct," Goule said.

More Coverage

NAWG president testifies about updating crop insurance

NAWG ex-president to serve on farm bill advisory council

The great crop insurance debate

Inside the 2023 Farm Bill: A conversation with the bill's authors

USDA officials answer crop insurance FAQs

Older

‘There are no excuses’: Fleming, friend of Murdaugh, sentenced for scheme to steal $4.3 million [The State]

Newer

Texas man pleads guilty to COVID-19 testing fraud scheme resulting in $7 million loss [Fort Worth Star-Telegram]

Advisor News

  • How advisors can help frugal retirees finally enjoy their savings
  • Wealth planning vs. estate planning: Honoring your client’s wishes
  • What to discuss during the first retirement planning meeting
  • Inflation, competing priorities and uncertainty erode retirement security
  • As health premiums rise, 1 in 8 workers cut retirement savings
More Advisor News

Annuity News

  • Jackson Announces New Annuity Offering for AARP Members
  • National Life Group expands annuity portfolio
  • AM Best to Join Life/Annuity Insurance-Focused Panel Discussion at Capitol Forum Event
  • USAA Earns No. 1 Ranking in JD Power Individual Annuity Study for the Third Consecutive Year
  • How flexible annuities fit today’s retirement portfolios
More Annuity News

Health/Employee Benefits News

  • Gottheimer joins North Jersey families helped with military pension back pay, health insurance coverage, IRS refunds and more
  • Mending Health moves into conservatorship as Oklahoma steps up oversight
  • Genworth's McInerney to retire
  • Genworth Financial's McInerney to retire
  • Let’s stop being insurance salespeople
More Health/Employee Benefits News

Life Insurance News

  • MassMutual announces record $3.3 billion policyowner dividend for 2027
  • Protective Completes Acquisition of Obsidian, Establishing Specialty Property and Casualty Business Line
  • Jackson Announces New Annuity Offering for AARP Members
  • Open Enrollment Starts November 1: Tampa Broker Ryan Michalek Urges Families and the Self-Employed to Check 2027 Costs Before They Auto-Renew
  • AM Best Affirms Credit Ratings of Insignia Life S.A. de C.V.
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Spectrum Weather & Specialty Insurance Celebrates 15 Years and Welcomes the Next Generation
  • Royal Neighbors of America® Increases Service Capacity
  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.