Farmers' safety net is now a money bag
Designed as a safety net, crop insurance was meant to cushion farmers from the multitude of risks that farming is famous for, from hailstorms to floods, the Star Tribune reports. But now, about 80 percent of the country's crop insurance policies are revenue policies, protecting farmers not only from weather and yield losses, but also from drops in prices.
Designed as a safety net, crop insurance was meant to cushion farmers from the multitude of risks that farming is famous for, from hailstorms to floods, the Star Tribune reports. But now, about 80 percent of the country's crop insurance policies are revenue policies, protecting farmers not only from weather and yield losses, but also from drops in prices.
