Policy Plate: Extension Denies Opportunity for Real Reform
A House proposal to extend the 2008 farm bill by one year is a repudiation of the Federal Agriculture Reform and Risk Management Act of 2012 (FARRM) produced by the House Agriculture Committee and would deny the full House the opportunity to debate meaningful and long-overdue reform of crop insurance subsidies.
Earlier this month, EWG published a list of the top ten reasons to reject the committee’s bill. Here it is again.
Reasonable reforms to crop insurance would save taxpayers at least $42 billion over 10 years, according to Dr. Bruce Babcock, an economics professor at Iowa State University. Read his full analysis here.
Guests on today’s National Public Radio’s Diane Rehm Show discussed the proposed cuts to the federal nutrition assistance program that would cause 2 million people to lose benefits.
Illinois Watchdog.org reports that taxpayers will be stuck with the exorbitant costs of the 2012 drought because of the way crop insurance works and major changes to the program in 2000.
The New Haven Register reports that a new study by the Connecticut Public Interest Research Group has found that if agricultural subsidies were to go directly to consumers in New Haven, residents would be able to buy 1.2 million Twinkies or 32,120 apples.
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