US programs. an explanation.

[Klause]

[URL="http://ocj.com/2014/08/farm-bill-offers-important-tools-to-help-survive-low-prices/?utm_content=buffer38e78&utm_medium=social&utm_sou rce=twitter.com&utm_campaign=buffer"]here you go[/URL]


Like I said. .. grass always looks greener.

[Hopalong]

Think loan deficiency program (LDP) still remains but at lower price levels. Wheat at $2.94 and corn at $1.95. Also less attractive because of lower total limits based on farm size.
Harder and harder for governments to bring in subsidy programs and maintain existing ones with production farm numbers continuing to drop.
We see same thing in Canada, may have more support in less developed countries where farmers make up higher proportion of population.

[Hopalong]

Been doing more reading on 2014 farm bill and crop and revenue insurance.
Looks like federal subsidy money has shifted from direct payment programs similar to our AgriInvest to premium subsidies for crop and revenue insurance more like our yield and AgriStability programs.
Note US federal premium subsidies of 65 per cent for yield and 80 per cent for price insurance.
Not all that much different from what we have in Canada.