“Because right now, high-risk land is subsidized at the same rate as regular, perfectly productive farmland,” she said. “So, you're encouraging farmers to plant in these high-risk areas like floodplains that are going to result in more loss over time.”
Free market insurance companies, ones backed by investors and not taxpayers, aren’t willing to play those odds. A lot of them are pulling out of disaster-prone regions, even entire states
#climate #Kansas #USA #US