From the fact-is-stranger-than-fiction department: In 2007, Monsanto talked the USDA’s Risk Management Agency into giving farmers a discount on crop insurance premiums if they planted the company’s triple-stacked GMO corn. Reportedly, some reviewers of the proposal raised concerns that the premium subsidy would unfairly benefit a single private company. But in the end, the USDA… Read more »
Posts Tagged: corporate welfare
The (Growing) High Price of an Unreformed Crop Insurance Program
By Adam Warthesen, Land Stewardship Project Just when you think the facts and figures around federal subsidized crop insurance can’t get any more outlandish, new numbers emerge exposing the out-of-control spending and lack of accountability for this area of farm policy. Earlier this month, USDA released the most recent data on crop insurance costs. It’s… Read more »