FARRMFarm and Ranch Risk Management Account
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The Big 'I' is pleased to see that the Federal Crop Insurance Program (FCIP) serves as the primary risk management tool in FARRM," says Charles Symington, Big "I" senior vice president of external and government affairs.
Like its counterpart in the Senate, FARRM is a massive waste of taxpayer dollars at a time of record profits for farmers, maintains the command-and-control system that has been in place for decades, and falls far short of the $180 billion in savings for the Farm Bill that was included in the House-passed budget resolution.
While FARRM terminates many of the wasteful programs that were eliminated in the Senate bill, such as the Average Crop Revenue Election (ACRE) program, direct payments, and counter-cyclical payments, many profligate programs are left largely unreformed and new ones have been created.