No Crop Insurance Cuts in Biden’s 2022 Budget
In a reversal of previous presidents’ budget proposals, President Biden’s proposed $6 trillion 2022 federal budget released on May 28 contains no proposed cuts to crop insurance. This is significant, because presidential budgets for over a decade have included tens of billions of dollars in proposed cuts to federal crop insurance programs.
Administrations from both parties have tried to cut funding to the crop insurance program using the budget and appropriations process in recent years. President Trump’s FY 2020 budget proposed to cut crop insurance by nearly $26 billion over 10 years. Previously, President Obama proposed similar deep cuts to crop insurance during his tenure in office. PIA has successfully opposed such deep cuts during the annual congressional appropriations process.
PIA has been actively advocating against any cuts to the crop insurance program throughout 2021. PIA members from around the country advocated against cuts to the program during the 2021 PIA Advocacy Day, and PIA worked with a large coalition of organizations to send letters to Congress and the administration urging them to protect crop insurance from funding cuts in the Fiscal Year 2022 (FY22) budget and appropriations process.
“The absence of cuts to the federal crop insurance program in the budget request is very helpful for our efforts, but we will continue to work with Congress and the new administration to ensure the program remains intact throughout the appropriations process,” said Jon Gentile, vice president of government relations for PIA National. The 2022 budget request also directs the USDA Risk Management Agency to spend $2 million “to research, review, and ensure actuarial soundness of new products addressing climate change.”