Wednesday, July 25, 2018

Thoughts on the Trump Bailout

Apparently the Market Facilitation Program payments will be tied to actual production:

  • I wonder how the program provisions will interact with other farm programs, particularly the crop insurance policies for whole farm revenue?
  • I wonder whether they will apply a payment limitation on the benefits.  Under the legislation authority they're using I don't believe they would have to, but might be criticized if they don't.  I've already seen a query on Twitter about payments to big farmers.
  • On the fraud end, it would seem that cross-referencing insurance production data and MCP data would be necessary.  Fortunately FSA and RMA have ironed out all the differences in their databases so that will be a piece of cake (won't it-- :-)

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