Why is the Farm Bill subsidizing wealthy and financially-secure agribusinesses? – AEI – American Enterprise Institute: Freedom, Opportunity, Enterprise

The House is scheduled to debate the 2018 Farm Bill over the next two days. The bill is controversial and, completely breaking with tradition, reported out of the House Committee on Agriculture with only Republican votes. The core problem for Democrats is a suite of proposed changes to the Supplemental Nutrition Assistance Program that would expand the scope of work requirements for many recipients. However, the farm-oriented programs in the legislation are fraught with problems for both parties, as federal funds in many of these programs are being funneled to households with above average incomes.
Image via Twenty20
Most of the farm subsidies included in the bill flow to large-scale agribusiness farms. For example, in 2015 the largest 15% of all farms receive about 74% of all subsidies paid out under the two largest subsidy programs. Those programs are the federal crop insurance program (estimated by CBO to cost taxpayers close to

Continue Reading....

Check Also

The Rohingya crisis could undo Trump’s ‘friends-only’ foreign aid policy – AEI – American Enterprise Institute: Freedom, Opportunity, Enterprise

Facebook Twitter Google+ Pinterest LinkedIn Digg Del StumbleUpon E-mail Reddit Buffer Love ThisWhile visiting Bangladesh …

Leave a Reply

Send this to a friend