Yesterday, Wisconsin Congressmen Ron Kind (D-La Crosse) and Jim Sensenbrenner (R-Menomonee Falls) introduced the bipartisan Assisting Family Farmers through Insurance Reform Measures (AFFIRM) Act. The AFFIRM Act makes bold reforms to crop insurance premium subsidy payments, saves taxpayer dollars and promotes transparency.

Congressman Sensenbrenner: “The AFFIRM Act makes sensible changes to our nation’s crop insurance program to reduce unnecessary subsidies directed towards our country’s largest and most profitable farms and agribusinesses. These reforms will promote the longevity of agriculture risk-sharing programs and make sure the farm safety-net remains readily available, especially for those who need it most. With our national debt approaching $19 trillion, Congress must continue to work in a bipartisan fashion to reduce excessive spending and ensure future generations inherit a prosperous America. Legislation that will save taxpayers billions, such as the AFFIRM Act, is a step in the right direction.”

Congressman Kind:  “The current crop insurance system is extremely wasteful and in need of major reform. The AFFIRM Act will save taxpayers $24.4 billion over 10 years while still providing a strong safety net for family farmers,” said Rep. Kind. “Taxpayers deserve to know where their tax dollars are going, and the AFFIRM Act will make that possible. These important reforms not only strike a better deal for taxpayers but will have no out of pocket expense to farmers.” 

The Congressional Budget Office (CBO) estimates the AFFIRM Act will save approximately $24.4 billion over the next decade, and the legislation enjoys bipartisan support from groups such as The Environmental Working Group, National Taxpayer’s Union, Taxpayers for Common Sense, R-Street Institute, Citizens Against Government Waste, and Freedom Works.