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If the straight-up taxpayer swindle taking place in the supercommittee isn’t making you angry, you’re probably not paying attention. I’m talking about the attempt by agribusiness and a group of willing farm-state representatives to put billions of taxpayer dollars into the pockets of industrial farmers during the ongoing super committee Farm Bill negotiations.

According to The Hill, the moment of truth is upon us: The supercommittee is indeed poised to rewrite the Farm Bill behind closed doors and with no input from reform-minded congresspeople, let alone the public. Many of us have known this was going on, but the Environmental Working Group (EWG) found some new developments that are nothing short of shocking.

EWG reports on the new “shallow loss” subsidy which would protect commodity growers from small price drops via a “taxpayer-paid guarantee of getting no less than 90%[!!] of their income.” This new subsidy is now considered a political hot potato thanks to coverage from sources like like EWG and Grist. As a consequence, only corn, soy, and wheat farmers — those whose prices are now sky high — will be eligible. So cotton and rice farmers want a consolation prize. They will get that and much more. The EWG writes:

 … The rice growers, who don’t like having to pony up some of their own money for crop insurance and don’t have to worry as much about yield losses, would instead get higher price guarantees from the government. And cotton growers would get higher target prices and stronger revenue insurance.