A main provision proposed in the 2012 Farm Bill is a "shallow-loss" program. Such programs would give farmers subsidies, ensuring that farm revenues do not dip below 90 percent to 95 percent of the average revenues those farmers received over the past five years.
According to the American Enterprise Institute (AEI) this program is being portrayed as a safety net, but there are significant questions that must be examined before the program is enacted. How much would shallow-loss programs really cost and how are they structured? How accurate are Congressional Budget Office estimates of these costs? Are there limits on potential taxpayer liabilities in shallow-loss programs? And, finally, would large, wealthy farms benefit disproportionally from these programs?
On Wednesday, May 30, from 11:45 a.m. to 1:15 p.m. in room 385 Russell Senate Office Building
Washington, D.C., AEI will present a discussion on the topic. During the session, Barry Goodwin, North Carolina State University, and Vincent H. Smith, Montana State University and AEI, will discuss these questions and will release new research and analysis on the cost of shallow-loss programs.
For those not able to attend in person, a video of the full presentations will be available approximately one day after the event. You can find more information here.