Most Active Stories
- LGBT Center In Merced Told To Take Down Rainbow Flag
- New Nature Preserve To Open in Tulare County
- In Memory Of Edward Palacios, Valley Public Radio Board Chair
- California Preparing For Undocumented Driver Licenses
- On Valley Edition: Mexican Consul, Lawyer Discuss Local Impact Of Obama's Executive Action
Valley Public Radio Staff
Tue August 14, 2012
Episode 394: Why Taxpayers Pay For Farmers' Insurance
Originally published on Thu August 16, 2012 7:56 am
In spite of the drought, many U.S. farmers will do just fine this year. They are, after all, covered by crop insurance — a program that costs U.S. taxpayers $7 billion a year.
On today's show, we travel to Fairbury, Illinois. We meet three generations of farmers who tell us that, even without government-subsidized crop insurance, their farms would survive the drought.
So why does the government spend so much on crop insurance programs? We talk to an ag economist who has a surprising answer.