Cash cow: How Congress milks taxpayers in the 2012 farm bill
Agriculture policy doesn’t typically make headlines. That needs to change.
It's no exaggeration to say that this year's farm bill is an example of exactly what’s wrong with Washington. It embodies the two biggest threats to American free enterprise today: the heavy-handed central planning of statism and competition-destroying beggar-thy-neighbor cronyism. From the $5.6 billion spent annually on crop insurance subsidies to the $1.3 billion we spend on milk subsidies, American agriculture policy is replete with cronyism and special interest subsidies.
It's not fair, it's bad economics and it's bad policy.