Detailed text transcripts for TV channel - MSNBC - 20140131:04:23:00
>> everyone -- everyone hearing this, because that was a lot of numbers. i want to say what the basic principle is here, right? you got a business, face risk, you take out insurance for that risk. crops face certain kinds of risks and there's a recognition these risks are different because of the weather. what we're doing in this bill is the government is backstopping the risk, subsidizing the insurance risk and not just subsidizing the farmer. it is subsidizing the insurance company who provides the insurance. >> it's not insurance the way people think of insurance. if you have crops that fai...
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