House-Senate Conferees are using a compromise Highway Bill to reverse crop insurance cuts that were part of a two year budget agreement. The $3 billion worth of cuts will be replaced by a Federal Reserve dividend cut for the banking industry. Minnesota Corn Grower’s President Noah Hultgren is pleased lawmakers stood by their word to restore the funding.

He says there needs to be a strong crop insurance program because so many depend on it, including farmers and their lenders.

Hultgren says had the cuts happened it would have been costly for farmers and hurt the services insurance companies would have been able to provide to them.

The Highway Bill is expected to be voted on Friday and would provide $305 billion of funding for highways, bridges and transit over five years.