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In the past 21 years, about $2.1 billion in drought insurance payments went to Oklahoma farmers, according to a new study from the Environmental Working Group.
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Crop insurance costs are rising, fueled by climate change. Yet little has changed in federal programFederally subsidized crop insurance made record-high payouts last year. While climate change is making farming more risky, the federal program often shields producers at taxpayer expense. Some argue it’s time that the fast-growing program encourages farmers to mitigate their risks.
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The Farm Bill, that sets important policy on everything from crop insurance to SNAP benefits, is up for renewal next year. But the results of the midterm elections may not shed much light on how that legislation will end up.
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Some farmers and environmentalists say the federal program, which is heavily subsidized by U.S. taxpayers, discourages growers from adapting to climate change and should be redesigned.
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The Trump Administration's recent budget proposal could mean bad news for Oklahoma farmers.The proposal was introduced last month and, if passed, will…