Time to End Ludicrous Farm Subsidies

June 4, 2012 06:25

[S]ubsidy programs paid more than $1.3 billion to non-farmers in a six year period. .. As one example, billionaire Ted Turner has received more than $200,000 in subsidies. – Capitalism Magazine



By   at Capitalism Magazine


What if competition was reduced or eliminated? What if there was a guaranteed market for a product? What if insurance was subsidized and these was an abundance of loan programs? If you are an American farmer, all of this and more is provided by the federal government’s farm programs.


… also provides marketing support, subsidizes crop insurance, and conducts research for farmers. These programs and services cost taxpayers up to $35 billion each year.[2]


… dairy programs cost consumers at least $1.5 billion per year ..


The agricultural lobby is one of the most powerful in Washington. For example, in 2008 agricultural interests donated $10.4 million to federal candidates.[6]


… government’s farm policies are often contradictory and frequently accomplish the exact opposite of their stated intentions.


On one hand, the government is enacting policies that encourage additional production, while on the other hand it is enacting policies that discourage production. And taxpayers get to the foot the bill no matter the program.




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