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Source: Rhonda Garrison, SOUTHERN FARM NETWORK, 9/13/17
The Government Accountability Office is recommending that Congress consider directing the Department of Agriculture to adjust the expected rate of return for crop insurance. In 2010, USDA negotiated with insurance companies to set a 14.5 percent target rate. According to GAO’s analysis, the reasonable rate of return declined, averaging 9.6 percent.
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