Booker Reacts to GAO Report Showing Crop Insurance Program Failing Small and Diversified Farms, Enriching Corporations
December 04, 2023
December 04, 2023
WASHINGTON, Dec. 4 -- Sen. Cory Booker, D-New Jersey, issued the following news release:
WASHINGTON, D.C. - Today, the Government Accountability Office (GAO) issued a report with statistics that reveal how the federal crop insurance program incentivizes the crop insurance industry to service large farms at the expense of small and specialty crop farms. The report also shows that crop insurance companies have been earning an inflated underwriting gain that is significantly higher tha . . .
WASHINGTON, D.C. - Today, the Government Accountability Office (GAO) issued a report with statistics that reveal how the federal crop insurance program incentivizes the crop insurance industry to service large farms at the expense of small and specialty crop farms. The report also shows that crop insurance companies have been earning an inflated underwriting gain that is significantly higher tha . . .