Over the past 25 years, Bangladesh’s targeted food programmes have varied substantially in the commodities distributed, seasons of operation, and targeting mechanisms. This paper attempts to generalize from this broad programming experience by using a seasonal multi-market model to analyze the consequences of existing and hypothetical programme designs. Analysis points to several design features increasing monetization of wheat followed by cash payments to workers, particularly in Food for Work; more attention to the timing of income and wheat supply injections; and continued targeting of female-headed households-that offer potential gains in programme efficiency, target group incomes, and calorie consumption of the poor.