The Environmental Working Group is backing the Assisting Family Farmers through Insurance Reform Act. The measure calls for a cut in crop insurance that would save $ 24.4 billion in 10 years. E-W-G’s Senior Vice President of Ag and Natural Resources Craig Cox says it’s a good reform measure that’s fiscally and environmentally responsible.
Cox says the recently passed budget agreement calling for lowering the profit margin for crop insurance companies to 8.9 percent is included in the AAFIRM legislation.

He says not only does the AFFIRM Act save taxpayers money it also allows money to be spent in other needed federal programs.
Cox doesn’t see crop insurance companies exiting the program due to their profit margin being cut to 8.9 percent from 14 percent. He says crop insurance companies will still be able to make money.