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.