Crop insurance

I've been reading up on crop insurance and federal subsidies. From what I can see, the real reason for the current system of crop insurance is not there to benefit the farmers, but rather to make lots of money for the insurance companies. Go into any town, large or small, and the largest building in town will nine times out of ten, be an insurance building. (My statistics) These guys aren't in business to give money away despite what they will tell you.


Here is an interesting read on the subject: Farm Subsidy Primer

And perhaps a solution:  Giving It Away 

"If the current system of crop insurance isn't working, why not abolish it along with direct payments and redirect the $13 billion in combined annual savings to shrink the deficit and create a truly cost-effective program? Since 2001, the current crop insurance program has cost taxpayers about $50 billion, but only half –$25 billion – has found its way into farmers’ pockets. The other $25 billion wound up in the coffers of crop insurance companies and in commissions paid to insurance agents. It strains credibility to claim that a program that costs $2 to deliver $1 of benefits is a wise use of taxpayer funds."