The federally subsidized crop insurance system, which cost $58.7 billion from 2003-12, “lacks accountability and transparency,” says the Land Stewardship Project in a white paper. “These public dollars are going to already wealthy corporations – top-ranked insurer Wells Fargo had $1.4 trillion in assets in 2013 while second-ranked Ace reported $2.7 billion net income in 2012,” said LSP.… » Read More
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