Crop Insurance the Next Flood Program?

The Federal Crop insurance program had record payouts last year. Analyst state that the reasons are increasing weather disasters and the rising costs of getting crop in the ground. The issue at stake is how long can the program exist at record claims. As it is not making an underwriting profit and the cost of planting and growing keeps rising soon the program will become untenable. This resembles the flood program. The NFIP is in trouble and no real solutions have been brought to the table other than funding extensions. As the nation tries to cut its federal budgets,  the crop program could follow suit with frequent funding extensions and no real solutions to make the program work. Time will tell. Until next time be careful out there and know your risks.  K

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