...The USDA crop insurance program insures 264 million acres, 1.14 million policies, and $110 billion worth of liability on about 500,000 farms nationally.
Got that? Taxpayers pay MORE THAN HALF of the insurance premiums. But we're not done yet.
The top 10 percent of policyholders received more than 50 percent of premium subsidies last year. The bottom 80 percent of policyholders received 27 percent of premium subsidies.
So. The largest farms (not the '40 acres and a cow' bunch) sucked most of the TAXPAYER money--and it's money which pays the PREMIUMS, not even the claims--so far.
That's before they Corn-A-Hole us.
As to the "insurance companies"--oh, yes, they're on your teat, too!!
So. You pay most of the premiums, then you lose another $11 BN or so to the "insurers."
Then you get Corn-A-Holed, too.
Can you spell "racketeering"?