Trying to reflect since 18, the changes in input cost, the weather issues that we've dealt with. If you don't adjust the reference prices up to reflect the inflation that's gone on, then they really don't provide any protection. And we've had some difficult weather, not just in Oklahoma, but across the country. If you don't tweak the crop insurance side on the weather issues, then your premiums will go up. (04:59–05:06)
CLAIM
Asserts that reference prices in the farm bill need to be adjusted for inflation to provide protection.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
