Barnaby says there are many unintended consequences of the Congressional proposals. Among them is the potential for the crop insurance program to fail for lack of sufficient premiums paid into the program. That would require a federal bail-out of a program it has been cutting. Secondly, many farmers may be unable to participate although required to do so by lenders.
Proposals are being made in the Farm Bill debate on ways to limit participation or limit benefits to certain farmers based on financial thresholds. One would have farmers pay the full cost of the premium for crop insurance after a $40,000 subsidy on premiums. Another would prohibit crop insurance eligibility to farmers with adjusted gross income over $750,000, and possibly as low as $250,000.
Source: FarmGate blog