May 21, 2024

K-State Crop Insurance Expert on Trump’s Budget

Garden City, KS ( Back on May 23rd President Donald Trump announced his new budget to the dismay of the agriculture industry. K-State Ag Economics professor Art Barnaby on one of the negative impacts of the budget.

The new budget would cut $58.7 billion from crop insurance, or about $6 billion a year over 10 years. Barnaby on another problem with the budget.

The cuts would limit the government’s share of the crop insurance premium to $40,000 per farm with the balance paid by farmers.