In the days after Katrina, and just several days after Katrina, when we had the precipitous drop in prices, it cost the Federal Government $3.5 billion in extra LDP payments. So what we're talking about here is sound agricultural policy and sound policy with regard to America's taxpayers. Think about the fairness of the farmer who sold his crop the day before Katrina. Think about what he felt like when several days later his fellow farmers ended up with hundreds of thousands of dollars more in extra benefits from the government because they just happened to sell a day or two before Hurricane Katrina hit.
John Boehner: “In the days after Katrina, and just several days after Katrina, when we had the precipitous drop in prices, it cost the…”
Editor's note · Context
Discussing the impact of Hurricane Katrina on agricultural policy and federal payments.
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