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Public Statements

Washington, Thursday, July 26, 2007

Floor Speech

By:
Date:
Location: Washington, DC


WASHINGTON, THURSDAY, JULY 26, 2007 -- (House of Representatives - July 26, 2007)

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Mr. COOPER. I thank the gentleman.

Madam Chairman, for anyone interested in reforming crop insurance, there are two ways to do it tonight. This way through comprehensive agriculture reform, the Kind amendment, is probably the best way to do it. But there will be another way to do it later on. We need to reform crop insurance.

Everyone who has studied it realizes it. The question is when. I suggest the time is now, because there are literally billions of dollars of corporate welfare we can and must be saving starting tonight. These 16 companies, there are only 16 companies, made $2.8 billion, at taxpayer expense, profit in the last 5 years. It's an outrageous system once you look into it.

The GAO and others discovered that 40 cents of every dollar that is supposed to go to the farmer, in fact, goes to the insurance middleman. This is not right. We need to get more money to the farmers, not less. Let's reform the crop insurance system. The Kind amendment is the right way to do it. Another way to do it will be the Cooper amendment.

Support the Kind amendment.

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