Monday, December 24, 2018

The New Farm Bill Is So Bad That Supporters Don’t Want Its Details Released

From The Daily Signal.com (Dec. 7):

The current farm bill process is eerily similar to what happened with Obamacare.

In 2010, then-Speaker Nancy Pelosi, D-Calif., infamously uttered, “But we have to pass the bill so that you can find out what is in it.”

A recent statement by the ranking member of the House Agriculture Committee, Rep. Collin Peterson, D-Minn., regarding the farm bill brings back bad memories.

As reported by Agri-Pulse: “Peterson acknowledged that the other negotiators didn’t want to talk about details of the bill until closer to the final votes. ‘There’s concern on some of the members’ part that when people find out what’s in the bill it will start unraveling,’ he said.”

The farm bill is already expected to be a disaster, from failing to strengthen work requirements in the food stamp program to failing to make even minor reforms to the out-of-control farm subsidy system (and actually making subsidies worse).

……………

Think about how bad the bill must be in light of what already has been reported about the bill. For example, we already know about, based on reports, the following absurdities in the bill:

The bill would protect farmers when commodity prices increase, not just decrease. The existing Price Loss Coverage program (one of the major subsidy programs) pays farmers when commodity prices fall below a price fixed in law (known as a reference price). The bill reportedly will make it possible for these reference prices to increase when prices increase, thereby ensuring farmers could continue to get taxpayer-funded subsidies.

The bill expands payments to non-farmers. One of the most egregious aspects of the current farm subsidy system is its payments to individuals who by any reasonable definition are not farmers.

What does the bill do? It makes this problem even worse by making it possible for “non-farming” cousins, nephews, and nieces to receive subsidies.

The bill completely ignores the massive cost overruns of the two new major subsidy programs, which are greater than 70 percent more expensive than what was projected. Congress created two major new subsidy programs last farm bill, namely the Price Loss Coverage and the Agricultural Risk Coverage programs. When the last farm bill was passed, the Congressional Budget Office projected that the costs of these programs would be about $18 billion over their first five years.  [read more]

Yea, the bill doesn’t sound good especially the “payments to non-farmers” part. I have cousins who are farmers. Should I get a subsidy when I am not a farmer?

No comments: