AEI’s Vincent Smith outlines some of the staggering amounts of cash the government pays to farmers, including $16 billion to $17 billion per year on average for farmers to buy crop insurance, while crop insurance companies get $2 billion to $3 billion on top of that. Subsidies to farmers average $7 billion per year while
As the House prepares to take up the farm bill this month, crop insurance and shallow-loss programs promise to be the subject of much debate. Though the House and Senate bills would discontinue the Direct Payments Program, each would continue overly generous crop insurance coverage and subsidies and institute new revenue protection programs for farmers.
Millions of Americans have plenty to be grateful for this Thanksgiving, including family nearby, a roof over their heads and a tableful of food. But that doesn’t mean Americans should have to purchase their holiday meal twice. Save for the turkey (and it’s too late for the turkey), the traditional Thanksgiving dinner is paid for