Newport: Crop Insurance Cuts Were a Great Idea

December 10, 2015 07:40 AM

By: Alan Newport, editor of Drovers/CattleNetwork

There's an old joke that asks, "What do you call 100,000 lawyers on the bottom of the ocean?"

The answer: "A great start."

I tend to think the same way about the entire U.S. crop insurance program. Until just days ago, it was slated for major cuts, although now it appears Congress has decided to fund it, backdoor, through a highway bill.

Crop insurance is one of the top enemies of beef production because it has brought about conversion of many grassland acres to higher-priced crop land and driven up all land values.

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