Farm Bill would cost taxpayers too much [UPDATED]Published 9:32am Friday, May 3, 2013 Updated 11:35am Friday, May 3, 2013
As Congress focuses on the 2013 Farm Bill, I ask my fellow taxpayers to add this to the debate.
If a Minnesota farmer farms an area equivalent to Itasca State Park, the protected area of the headwaters of the Mississippi River, which is about 33,250 acres or about one and a half townships, should we allow the 2013 Farm Bill to continue the practices of the 2008 Farm Bill, of paying about 60 percent of our Millionaire Farmer’s crop insurance premium?
For if this mega farmer elected to use Federal Crop Insurance like most U.S. farmers did on their 2012 and 2013 crops, this taxpayer-funded premium reduction in 2012 and 2013 would be a about $1 million per year in subsidy grants.
It’s OK with Congress, is it OK with you?