Source: Keith Good, FARM POLICY NEWS, UNIV. OF ILLINOIS, 5/29/18


Earlier this month, the Congressional Research Service (CRS) released a report titled, “Federal Crop Insurance: Program Overview for the 115th Congress.”  Today’s update focuses on key highlights from the CRS report. The CRS report explained that, “From 2007 to 2016, the federal crop insurance title had the second-largest outlays in the farm bill after nutrition. The total net cost of the program during those years was about $72 billion. For FY2018 through FY2027, the Congressional Budget Office (CBO) projects that crop insurance will continue to be the second-largest farm bill outlay after nutrition, averaging about $7.7 billion a year, assuming current law remains in effect (Figure 1).”

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