Wednesday, December 14, 2011

Target Price and Planted Acres

I hadn't heard of this possibility, but the winter canola people are opposed (from today's Farm Policy):

"Yesterday’s update noted that, “The Plains winter canola delegation made the trip to DC to voice their concerns and opposition to a new updated target price program under which deficiency payments would be ‘recoupled’ to production on planted acres up to the total aggregate crop base acres of a farm, effectively reversing the planting flexibility that has been in place since the 1996 farm bill. The target price program was reportedly a component of the legislation that the agriculture committees had intended to submit to the Super Committee as agriculture’s $23 billion contribution to deficit reduction before those efforts failed on November 23rd.

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