Blogging on bureaucracy, organizations, USDA, agriculture programs, American history, the food movement, and other interests. Often contrarian, usually optimistic, sometimes didactic, occasionally funny, rarely wrong, always a nitpicker.
Friday, May 11, 2012
Corn Prices and the New Farm Bill
Just a note based on items in Farm Policy--apparently the warm spring has meant early corn planting on large acreages which means prospects for the crop are good, which means prospects for prices are poor (maybe as low as $4--which would have seemed great when I worked). And the evaluation of the Senate Ag farm bill is that if there are multiple years with lower prices the program payments will decline, an idea the evaluators don't like, preferring instead the guarantee provided by target prices set in the law.
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