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Crop insurers acquiescing to cuts

June 2010

The nation’s 16 crop insurance companies are likely to agree to the Obama administration’s spending cuts in order to keep selling the policies, an industry representative says. Several companies are insisting on technical changes to the agreement that the firms must sign to provide the insurance, said Bob Parkerson, president of National Crop Insurance Services, an industry trade group.  But, he also said, “I will assure you that everybody plans on moving forward to try and bring this program to the farmers and ranchers in the Untied States.”

Des Moines Register

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