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S Illinois | If the government stops the subsidy, crop insurance use will shrink to basically nothing.
However were we a 3rd world country with an unstable food supply prior to the mid 90’s when the current higher rate of subsidies was set? How about prior to 1980 when the first real bump to a 30% subsidy rate was first implemented? Prior to that there was practically no government premium subsidy. Then the question probably needs asked as to how the non commodity crops survive without the same backing. | |
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Crop Insurance Subsidies