An Overview of Crop Insurance
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. [node:read-more:link]