Release: Updated NSAC Report Illustrates Minimal Impact of Crop Insurance Subsidy Caps on Farms
For Immediate Release
Contact: Laura Zaks
National Sustainable Agriculture Coalition
lzaks@sustainableagriculture.net
Tel. 347.563.6408
Release: Updated NSAC Report Illustrates Minimal Impact of Crop Insurance Subsidy Caps on Farms
Addendum Bolsters Original Report Projecting Billions Saved
Washington, DC, October 6, 2022 –– Today, the National Sustainable Agriculture Coalition (NSAC) published an updated version of a special report projecting billions in taxpayer savings over 10 years if modest payment caps are instituted on subsidized discounts for farmers who purchase crop insurance. The updated report includes an addendum that features several projections demonstrating the real impact of payment caps outlined in the original report: An Economic Analysis of Payment Caps on Crop Insurance Subsidies, first published in July 2022.
…“A federally subsidized farm safety net is an important feature of agriculture’s risk management strategy,” said NSAC Policy Specialist Billy Hackett. “But common-sense