It sounds like a rural version of the coals-to-Newcastle bit: giving farmers wheat, corn, rice and cotton. In fact, the payment-in-kind (PIK) plan unveiled last week by Agriculture Secretary John Block is an intriguing idea that just might reduce bulging Government stockpiles and prop up depressed farm income.
The Government already requires farmers to take 15% to 20% of their land out of production to qualify for price supports. Under the PIK plan, farmers would idle an additional 10% to 30% of their land and receive crops that are now being held in Government...
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