The Occupy Wall Street movement was right to protest bailouts of wealthy and well-connected banks. But cronyism is not restricted to the financial sector. The farm bill currently going through Congress would bail out farmers for the years to come if they ever saw their revenue fall by a small share from their recent record-high levels. The “shallow loss” program would effectively guarantee farmers’ revenue. Here is how it would work. Under current crop insurance program, farmers can buy insurance that covers poor yields and declines in prices. The government heavily subsidizes such insurance by paying about two-thirds of the premiums, at a cost of $7 billion annually.