U.S.biotech com farmers seen saving $50 million in insurance premiums

摘要

Farmers and taxpayers achieved significant savings due to reductions in U.S. crop insurance premiums last year, according to data from the pilot Risk Management Agency Biotechnology Endorsement program reported by Agriculture Online. U.S. corn farmers participating in the program are estimated to have saved more than $50 million in premiums, and savings to taxpayers are estimated at more than $75 million. The Biotechnology Endorsement pilot program lowers crop insurance premiums for irrigated and non-irrigated corn producers who plant qualifying hybrids.