Booker Reacts to GAO Report Showing Crop Insurance Program Failing Small and Diversified Farms, Enriching Corporations

Press Release

"This GAO report shows that a shocking proportion of the subsidies intended to support the cost of writing crop insurance policies for all farmers are being eaten up by companies and agents who write policies for the very largest farms. At the same time, the majority of small and diversified specialty crop farms, including many in my state of New Jersey, do not have crop insurance coverage. This means that despite taxpayers spending over $1.5 billion each year to make sure farmers get good service and understand their options in the crop insurance program, the program is still failing small and diversified farms. We need to pass my Insuring Fairness for Family Farmers Act, which would make the A&O subsidy a much more effective tool for incentivizing companies and the crop insurance agents they work with to cover all farm types fairly."

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