Tuesday, June 18, 2013

The Farm Bill Will Make Some Subsidized Congressmen Anonymous

Much has already been said about the farm bill going through Congress. It’s bloated, it redistributes money from taxpayers to relatively wealthy farmers, it hurts young farmers by artificially inflating the price of land, it ends direct payments but substitutes another kind of subsidy, and so on and so forth. But there’s always more: For instance, the replacement of direct payments with a new crop-insurance subsidy will prevent the names of many members of Congress who get farm payments from being publicly disclosed...more

This was also of interest in the above post:

  • The annual failure rate for farms is 0.5 percent. The annual business failure rate, at 7 percent, is 14 times greater.

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