A cutting insert formed of a hard wear resistant material and having a narrow land area along the cutting edge and an inclined wall leading downwardly and inwardly from the inner edge of the land area and a planar wall extending inwardly from the lower edge of the inclined wall. The insert is free of any rising "chip groove," per se, and is free of any wall spaced inwardly from the cutting edge and serving as a chip breaker or chip controller.