Source: Chris Clayton, PROGRESSIVE FARMER, 7/22/19


Barring some changes to the Federal Crop Insurance Program, farmers in the latter part of the century will face higher premium and taxpayers will likely pay higher subsidies to cover the program costs. Under a hotter climate scenario, the total cost of crop insurance to cover the soybean crop could double while the costs of the insurance program for protecting the corn crop could go up 21%, USDA's Economic Research Service stated.

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