Monday, October 14, 2013

AGI on Crop Insurance

Chris Clayton at DTN reports both Houses are generally in agreement on limiting crop insurance subsidies for high income insureds:

"On Friday evening, House Budget Chairman Paul Ryan, R-Wis., saw his resolution tightening income eligibility pass the House on a voice vote. The language was comparable to the Senate provisions. While a voice vote doesn't get everyone on record, the resolution does show GOP House leaders support the provision.
Conferees will have to begrudgingly keep the income cap or find some way to pivot around the issue."
Wonder how USDA would administer this?  Conceivably through FSA, I suppose, so USDA hits IRS only once.  But that assumes the rules for determining a person between crop insurance and USDA are the same, doesn't it?  (As time goes by I"m more and more aware that what I used to know is getting obsolete.)  Given how long it took for RMA and FSA to coordinate on acreage reporting dates, I wouldn't hold my breath for that result.  Might be simpler (remember KISS?) to leave the two operations completely separate and put up with complaints from farmers and Congress about the duplicate paperwork and discrepancies in rules. 

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