Wednesday, November 27, 2013

Base Acres Versus Planted Acres

That's the dispute going on now, according to today's Farm Policy.  Base acres avoids problems with the WTO, planted acres reflect current operations, not something many years in the past.

Sounds like one option is going back to 1977 and the "normal crop acreage".  As someone said: "history doesn't repeat itself, but it rhymes".

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