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PIA Opposes Cuts to Crop Insurance in Trump Budget

PIA is opposed to the steep cuts to crop insurance included in the Trump Administration’s proposed Fiscal Year 2018 budget, which was just released...
May 23, 2017

PIA is opposed to the steep cuts to crop insurance included in the Trump Administration’s proposed Fiscal Year 2018 budget, which was just released.

The Administration’s budget proposes a $28.56 billion cut to crop insurance over the next 10 years. The cuts come in the form of premium assistance caps at $40,000, an adjusted gross income (AGI) limit for crop insurance of $500,000, and elimination of the harvest price option (HPO) for crop insurance.

“These proposed cuts and caps would not only hurt farmers and the agricultural community, but they would also harm the independent insurance agents who work diligently to sell and service crop insurance policies on behalf of the Federal Crop Insurance Program,” said Jon Gentile, vice president of government relations for PIA National. “Attacking farmers’ most important risk management tool only weakens the farm safety net and threatens our nation’s economic and agricultural stability.”

PIA strongly opposes these proposed cuts to the Federal Crop Insurance Program and urges Members of Congress to oppose cuts to crop insurance during the appropriations and legislative process.

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