Seems like just the other day GW was vetoing the farm bill. And now it's time for House Ag to start the groundwork for the next one. Chris Clayton reports on Representative Peterson's plans. Apparently he'd like to insure "cost of production". I wonder how that would work--I once looked at an ERS analysis of cost of production for cotton and found there was a very wide range. So a payment which would work for farmer A would leave farmer B facing a loss, and presumably going out of business sometime down the line.
Anyhow, it should be interesting, it always is.
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