Crop Insurance Challenge: Any angst over a U.S. Senate vote to reduce crop insurance benefits to the top 1 percent richest farmers seems overdone. Amendment cosponsor Tom Coburn (R-Oklahoma) was correct in asserting that a 47 percent premium subsidy is still very good when you have a large farming operation. More impactful and less likely to pass when the Senate comes back into session on 3 June is a $50,000 cap on crop insurance benefits. In short, this farm bill is likely to pass the Senate with very few substantive changes.Olive Oil Slick: Europeans are finally showing they've had enough of top-down regulation. The EU Commission was forced to reverse a rule that would have required restaurants to serve olive oil in non-refillable bottl...