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For the uninitiated, the Mississippi Christmas Tree (MCT) is an elaborate and carefully designed business structure which is used to clothe a farming operation that seeks to maximize its receipts from certain commodity programs. Federal law limits payments to participants in certain farm...
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Subsidized reclamation projects squander valuable capital and environmental resources by benefitting farmers far less than taxpayers pay. Yet, they have made a few irrigators suddenly wealthy. There are several different approaches that could make the system more efficient. One would involve...
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