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Witnesses tell Senate committee crop insurance must remain affordable and actuarially sound
Summary
Crop insurance providers, lenders and farmers told the Senate Agriculture Committee that federal crop insurance is the primary risk-management tool for U.S. agriculture and urged Congress to improve affordability, expand coverage options and preserve the public–private delivery model.
Witnesses at the Senate Agriculture Committee hearing described federal crop insurance as the cornerstone of the farm safety net and urged lawmakers to preserve affordability and feasibility for private insurers to deliver policies nationwide.
Dylin Hoke, head of RCIS, told senators that crop insurance "is an economic driver in rural America" and that the program must remain affordable, widely available and actuarially sound if private providers are to continue investing capital and…
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