The only exploit to it is that you gain exp simply for being in proximity of the farmers. Even if you aren't in a fireteam. I am somewhat shocked that that hasn't been addressed.
But the actual gaining of loot? That part is just fine.
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its just small fregments, so maybe power level someone to 10 but nothing gamebreaking IMO.
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I know someone went from 17-20 during dinner. I had the 9k exp without dying bounty and the huge hive/fallen battle broke and I finished the bounty in like 5 minutes. Engrams will drop for you even if you don't fire your weapon. I think it makes a difference.
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Hmmm, would make a good topic,