CRP could use some tweaks to the program, no doubt. $300/acre as you reference is a rare case. I would guess most are much lower than that and average around $150/acreGreat discussion! Main point is that government doesn't subsidize other businesses when a person is terrible at investments. (Please don't chat about the govt bailout loans scams during covid)
My thought and Skip kind of brought it up is people that bring in 80 percent+ of income from putting crop in the ground may be eligible for CRP. Highly floodable land, river banks, etc...Something that actually benefits the environment.
Problem I have is investors buying up farm ground and putting 200 acres in CRP at 300 an acre. Or as in a couple people around me, the CRP actually makes their yearly payments! Hell of an investment if you never have to pay for it.
Yes they put the front end money down but so do you in your home. Does government give you money every month for just owning a home?
And if that CRP becomes public land removes people from the land welfare program and makes them pay for their "investment" then I'm all for it.
Some will still buy the ground because they are investors and not hunters. Win win for investors and hunters at that point.
Thanks all for being cordial in the discussion!
There were a few years where the pendulum swung out a little too far and they overshot the mark on what it should pay based on crop rental averages per county. Mine, for example pays $141/acre.
I think CRP should be as similar to what you mention, floodable areas, buffe programs, etc but also HEL ground that really has no business being farmed or high CSR ground. It would eliminate big fields of CRP that should be row crop to begin with.