Sunday, July 15, 2012

Price Loss Coverage

Been lazy so haven't looked up the actual provisions of this program as included in the House farm bill.  Looks like a target price/counter cyclical type program, but based on planted (and prevented planted) acreage and with updated yields.  If I get ambitious I'll do some research.  It strikes me though that such a program will have problems with WTO rules--farm programs aren't supposed to encourage plantings.

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