Wednesday, February 04, 2009

ACRE Confuses Even the EU

From the DTN blog citing an EU assessment of ACRE:

"Heralded as an innovative new risk management tool, ACRE is yet another countercyclical scheme, this time for revenue," the report highlights. "So it is business as usual in that the countercyclical nature of US farm support continues, with a bewildering array of schemes all addressing the same issues. For many observers it represents a significant step backwards in terms of agricultural policy."

See also Keith Good's FarmPolicy which puts this assessment in the broader context of challenges to free trade.

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