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Continued: Farmers got too much aid in drought, report says

  • Article by: JIM SPENCER , Star Tribune
  • Last update: May 1, 2013 - 9:12 PM

Still, said University of Minnesota agricultural economist Bill Lazarus, Babcock has logic on his side. Subsidizing the most generous coverage at higher levels than basic coverage “doesn’t make much sense,” he said.

Crop insurance came into existence to take the place of piecemeal allocations by Congress after each agricultural disaster. That kind of funding was deemed too wasteful.

EWG officials insist that the current crop insurance program is approaching similar levels of waste.

Peterson, who has spent two decades in Congress as an agricultural specialist, called the claim “ridiculous.”

 

Jim Spencer • 612-673-4503

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