Friday, August 16, 2013

WTO Fades Away

That's my read of this statement from Collin Peterson as reported in Farm Policy:
“As for a coming House-Senate conference, Peterson said he told Senate Ag Chairwoman Debbie Stabenow, D-Mich., ‘there will be target prices’ in the Title I safety net program and ‘they will be based on planted acres not to exceed base acres.’ He noted that some commodity groups are ‘simply wrong’ to press base acres rather than planted acres for any target price payments. ‘We can’t sell that to Congress any more … about paying for acres not planted.’”
My recollection is that the WTO believes that paying on planted acres encourages production, which is limited under its rules for agriculture.

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