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4 More Reasons to Eliminate Wasteful Farm Bill Spending

The absence of food stamp spending in the recent House-passed farm bill gave a revealing look at where lawmakers stood on the issue of spending — because the farm-only farm bill was still full of wasteful spending.  A local editorial in Colorado observed you can tell how serious representatives are about cutting spending by how they voted on the bill.  

Buried in the editorial were four stats that demonstrate the level of egregiously wasteful spending in the farm bill.

  1. Since 1995, taxpayers have been soaked for $227 billion in agricultural subsides. 
  2. Of that, 74-percent has gone to just 4-percent of farms.    
  3. Only 38-percent of farms receive any subsidies at all. 
  4. Most U.S. agriculture subsidies support just 10 specific crops, with corn and soy getting the bulk of them. 

Incredibly, the new farm bill does nothing to change the status quo.  Taxpayers and consumers will continue to be the big losers in this scenario, while large corporate farms rake in the dough (farm profits are at record highs!) and heavily lobby Congress to maintain their subsidies and expensive, taxpayer funded crop insurance.

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4 thoughts on “4 More Reasons to Eliminate Wasteful Farm Bill Spending

  1. Pingback: 4 More Reasons to Eliminate Wasteful Farm Bill Spending : lawaide.com

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  4. The same corrupt entitlement mentality that has permeated Detroit for decades is what we see prominently featured with the ethanol corn income protection racket as well as the crop insurance income protection racket promoted by the rinos in congress. For farmers and politicians to use government to guarantee multimillion dollar investments, profits, and multimillion dollar insurance subsidies is criminal. These schemes make no more sense than the government guaranteeing the investments and profits of Walmart or the oil companies. For farmers and politicians to whine about the profits of oil companies is hypocritical considering the thievery from taxpayers with these farm programs schemes. See http://www.debbieschlussel.com/64583/detroit-bankruptcy-long-overdue-years-of-bankrupt-black-racist-leadership-morals-undid-detroit/

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