Politico's "Errors" and My Jumping the Gun

FarmPolicy links to this Politico story on the outlook for farm programs.  It also links to this ERS graph


From Politico: 

 "At issue is the estimated $15 billion to $20 billion the government spends in subsidies each year. Originally a Depression-era program, farm subsidies have evolved into a complex maze of economic assurances for farmers: direct payments, federal crop insurance programs, counter-cyclical payments (which trigger when commodity prices fall below a certain mandated level) and other programs. "

From ERS: total payments have been below $13 billion for the last 5 years. 


Now Ms. Cogan might be including crop insurance in her definition, though she doesn't say. It would be good if she were including crop insurance, but I suspect it's more likely she's using a figure stuck in her head from earlier years.

[Update:  It should have been obvious from my quote she was including crop insurance as a subsidy.  So: I was wrong and she was right. 


 I emailed her complaining, she responded immediately, very nicely, and I got off my duff and checked the CBO estimates.  Essentially they've upped their estimate from $16.7 to 17.3 billion because increased crop insurance costs offset the decrease in counter-cyclical payments.  ]