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Money managers reap crop insurance harvest  (6.18.2012)
by Gregory Meyer, Financial Times, New York

JUNE 14, 2012, NEW YORK -- Institutional money managers have emerged as unlikely beneficiaries of a subsidised safety net for U.S. farmers set for expansion by Washington.

Federal crop insurance, a key plank of farm legislation under debate in the U.S. Senate this week, would cost taxpayers more than $90 bn over the next decade, according to the Congressional Budget Office. (more...) 

Read the whole Financial Times article here.
 

 

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