Posted by Sourgum on January 16, 2014 at 11:08:17 from (166.147.104.145):
In Reply to: Subsidies revisited. posted by oldtanker on January 16, 2014 at 08:20:26:
Here it is traditional if you own land but don't farm the farm payment subsidy is signed over to the renter. The article title is misleading in that regard. Unless you are talking CRP conservation subsidy which primarily goes to landowners.Roughly 30 million acres cropland is in CRP programs at present. This benefits folks other than the landowner receiving payment. It also likely adds about 0.30 to the market price of corn, by keeping the cropland out of production and in grass only for 10 yrs. There is certainly room for improving the farm bill,but it is a very small fraction of the overall total federal budget.The talk is the new farm bill will just be crop insurance assistance.
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