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.
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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