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SE MN | Crop insurance premium is subsidized.
The vast majority of crop insurance indemnity is paid by AIPs. That being said it depends on which risk pool the policy is in, but in your area it is paid by AIPs. In years like 2012 the US government did have money go out for indemnities but most years there are underwriting gains that offset a portion of the premium subsidy.
People talk about private crop insurance if the subsidy was taken away. There would be hail coverage as well as a MPCI option that no one would purchase. It would be ridiculously expensive for the coverage due to the possibility of huge losses and many areas would not even have a possibility of coverage. | |
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Why feed this corn crop any more
