The Senate has voted to limit crop insurance premium subsidies for the largest farmers.
In one of its last votes of the day on Wednesday, the Senate approved an amendment by Senators Coburn of Oklahoma and Durbin of Illinois that would reduce the taxpayer share of the crop-insurance premium by 15 percent for farms with AGI’s above 750-thousand dollars.
The amendment passed 66 to 33.
Senators also voted 52 to 47 to require farmers to meet conservation compliance requirements to receive a subsidy on crop insurance premiums.
The Senate is expected to wrap up work on the amendments and vote on the final bill on Thursday.
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