On June 24 Congressman K. Michael Conaway, Chairman of the House Agriculture Committee's Subcommittee on General Farm Commodities and Risk Management, held the first audit hearing on farm policy. This audit of agricultural programs is the first step in the farm bill process. Each chairman of the six subcommittees will hold hearings to examine programs in their respective jurisdictions to determine spending trends and confirm how programs work together. The June 24 Hearing examined the Federal Crop Insurance Program, which is a cornerstone of U.S. farm policy. Subcommittee Members looked for ways to reduce duplication between crop insurance and other farm programs, and examined whether the current administration and funding of the crop insurance program is sufficient to meet producer risk management needs. The witness was Mr. William J. Murphy (Administrator, Risk Management Agency, USDA). Read the testimony here.
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