Tom Coburn: “4 percent of the farmers in this country receive 33 percent of the benefits from crop insurance. I don't think it could…”

“4 percent of the farmers in this country receive 33 percent of the benefits from crop insurance. I don't think it could be said any better than Senator Durbin has said it. The point is, what we ought do is make sure there is a safety net, and crop insurance is the way to do that. But like every other program, we eventually are going to ask those who have more to participate more. I have the location and how much the top five farmers in this country actually get. The No. 1 farmer in the country gets $1.9 million worth of subsidies a year. All we are going to do is cut his subsidy to $1.6 million. His income is far in excess of $750,000. The No. 2 farmer is from Washington State. We will cut his subsidy from $1.7 million to $1.4 million, and, of course, he made far more than that in the last year and in the previous years. No. 3, located in Minnesota, we are going to cut from $1.6 million to $1.4 million. We are still going to subsidize $1.4 million a year for this one individual who is going to make in excess of $2 million this year. All we are asking is to appropriately limit the benefits that are coming from borrowed money against our children's future for the very wealthy in this country. I reserve the remainder of my time. The PRESIDING OFFICER. The Senator from Michigan.”