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"Trump's Budget Gets One Thing Right: Crop Insurance Reform"

As you might expect from my recent post, I approve of this:

The president’s first budget proposes to curtail subsidies for farmers through the federal crop insurance program in two major ways. According to estimates by the Office of Management and Budget, those reforms would together reduce government spending on crop insurance subsidies by about $28 billion over ten years. . . .

So, effectively, by subsidizing crop insurance, taxpayers are encouraging farmers to work less efficiently, produce fewer crops, and make smaller contributions to the overall productivity of the U.S. economy.

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