Statement of Chuck Hassebrook regarding House Agriculture Committee’s Farm Payment Limits Proposal
According to the Center for Rural Affairs, Peterson’s proposal to attribute corporate payments to shareholders is a needed reform, but only works in concert with other reforms. Adopted in isolation, it would require some legal restructuring by mega farms that now form multiple corporations to avoid the limit. But they could still avoid the limits by dividing the farm between spouses or funneling payments through friends, family members and other paper partners.
“The Chairman’s payment limitation proposal is false, hollow reform – designed to make it appear as if mega-farm subsidies are being reduced when they are not,” added Hassebrook.