Adjustments to crop insurance could boost U.S. crop production and alleviate some market pressure.
University of Missouri ag economist Ben Brown said the Biden administration’s interest in increasing crop production and acreage could offset conflicting factors like rising loan rates.
“The conversation now has switched to ‘how do we use crop insurance to increase production’,” Brown said. “And I think some of [the administration’s] proposals actually have potential to bring some acreage into production.
