Are 175,000 Producers Really That Happy. We Know 35,000 Are Not!

Continuing our post from yesterday about 2022 ERP and 2020 PARP. We review how a simple ERP payment plan might work.

This post is a continuation of our post from yesterday regarding USDA “spin” on 2022 ERP and 2020 PARP. In yesterday’s post, we discussed how the USDA received almost exactly the amount of expected PARP application volume (based on the Federal Register report on the original plan) even though the article indicated it was ten times higher than they expected.

In today’s blog post, we discuss how USDA appears to be happy that 175,000 producers are getting more under their progressive payment plan and crop insurance reimbursements for underserved farmers versus the 35,000 other producers who are getting less. They seem to think 175,000 happy farmers trumps 35,000 unhappy farmers.

Let’s run some numbers to see if we agree.