Study says crop insurance costs are rising because of climate change
Iowa Public Radio: A new analysis from the Environmental Working Group finds taxpayers fronted nearly $40 billion in crop insurance premium subsidies between 2001 and 2020 across 13 states, most of which are in the Mississippi River basin. EWG expects the cost of the crop insurance premium subsidies to increase as climate change worsens. According to the report, farmers pay for 40% of a crop insurance policy’s total premium. Taxpayers pay for the rest, the premium subsidy.
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