According to the GAO, reducing premium subsidies for revenue policies could potentially result in hundreds of millions of dollars in annual budgetary savings with limited costs to individual farmers.The Government Accountability Office (GAO) released a report yesterday on crop insurance entitled "Considerations in Reducing Federal Premium Subsidies." Indeed, the recent commodity price boom had a number of impacts on farm policy. The first was a wholesale abandonment of direct payments in lieu of a greater reliance on crop insurance, which the 2014 Farm Bill expanded in a number of areas. Peanuts were added as eligible under revenue coverage as were "enterprise units" (i.e., all insurable acreage of the same insured crop in the county in whi...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.