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Brad Wilson's avatar

As to farm program benefits, farm state Republicans seem to have understood that things are looking really bad, and, so far, they have not supported the Project 2025 approach that ends all Price Loss Coverage(PLC) and Agricultural Risk Coverage subsidies. At the same time, however, they have called for further cuts to the PLC program, cutting Reference Price levels, in the big ugly House Reconciliation bill. This has become confusing, however, because FarmDoc Daily, (Land Grant Agricultural Economists from Illinois and Ohio,) has claimed that Republicans have increased, (rather than decreased,) Reference Prices, (subsidy triggers). As it turns out, that conclusion came because they didn't adjust for inflation. Adjusted for inflation, the program has gone down hill every year. The House "increases" make reference prices higher than 2024, to then be lowered even more, but lower than 2014, and also lower than full costs, even for peanuts and rice, which fared better than the other crops. I've made a 2-part slide show telling this story of Republican reductions to PLC, which is available here. https://drive.google.com/drive/folders/1_AYKC9ICqz7vb5jfAQNmVjCQ3jVZbinN

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Blue Thoughts From a Red State's avatar

The saddest and most disheartening thing about this story is it only scratches the surface of how much damage has been inflicted or expected. It’s taken 158 days. Look in any direction and what do you see? Everything’s broken. And, what’s left has, or is in the process of being stolen, destroyed or diminished. The certainties of law, justice and social order are all in question. The requisites for stability in any economic system or our personal lives are, too. Sadly, cynicism and pessimism are unstable foundations for optimism and change. If we are to overcome these challenges, it’s going to take a whole generation of devoted, committed, unflappably dedicated leaders and common people. Just like it did the first time.

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