Subsidy Reform - In a huge blow, the final bill cut historic reforms to commodity program subsidies that had passed in both chambers of Congress. They actually increased the limit, and they cut “actively engaged” language, which would close the loopholes that allow large, wealthy farms to collect many multiples of the current payment limit.I have posted about subsidies before, but the story never changes. If Greens are going to fix our economy, subsidies to Big Ag and Big Oil should be a great place to start.
Wednesday, February 05, 2014
Good news for Resnick and Starrh, bad for us.
I mentioned farm subsidies in yesterday's post and mentioned a cotton grower named Starrh. The story continues bleakly according to a release today from the Center for Rural Affairs. What Congress does behind closed doors is scandalous and, in this case, the effects are not limited to Rural America. All of us pay subsidies to support major growers of a small list of commodity crops: cotton, sugar, corn, soy beans, wheat.