  Farmers able to build new savings through these FARRM accounts
could self-insure some of their income risk, with the additional
incentive of tax deferral and possibly tax savings through
bracket reduction, say USDA Economic Research Service senior
economists Ron Durst and James Monke, who discussed the option
at the annual Agricultural Outlook Conference in Washington.
Nearly half the remaining 27 percent of sole proprietors who are
eligible would be limited to contributing less than $1,000 in
any given year. Only about 1 in 6 could contribute more than
$1,000.       While farmers clearly respond to tax incentives,
Durst and Monke note, without specifying other income criteria
for eligibility, a large share of the benefits could go to
relatively few farmers, including some who do not rely on
farming for their livelihood.  Because the current proposal
doesn't specify a maximum deposit or accumulated balance, about
0.5 percent of sole proprietors would be eligible to contribute
over $20,000 annually. T