The crop-insurance industry and the agents who produce for it will be prime beneficiaries of a new five-year farm reauthorization bill now working its way through Congress.
Legislation now being debated by a Senate-House panel reconciling differing bills contains a provision establishing a new program to cover "shallow losses," or losses incurred by farmers but not covered currently by crop insurance.
The four key members of the panel could meet as early as Thursday and a final bill could be completed by the end of January, according to industry lobbyists and congressional staffers.
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