Conspicuously Anachronistic Agricultural Subsidies

Many lumbered into work this week still stuffed from their Fourth of July feasts. If that described you Tuesday morning, thank a taxpayer.

As the Charles Koch Institute’s Alison Acosta Fraser wrote in a new op-ed for Town Hall, “From the meat in your burger or hot dog to the buns you put them in, products of the agriculture industry benefit from a wide swath of corporate welfare policies.”

First started as a way to compensate small family farmers with variable sources of income, agriculture subsidies are a conspicuous anachronism today because, as Fraser writes:

“Farm income has grown, farmers have less debt and more equity, and farm failures are quite rare … The typical farming household makes 19 percent more than the rest of the country and has 10 times the wealth.”

Although direct payments were largely eliminated in 2014, agricultural corporate welfare was simply transformed into taxpayer-funded crop insurance programs. Fraser notes, “The taxpayers are absorbing what should be the cost of doing business. This is wrong for any business or industry trying to earn a profit.”

More Blog Posts

10-16-2018 02:10pm

Sensitizing Stories: Rob Wallace

Rob Wallace, an award-winning producer and senior producer for ABC News and CBS News and an adjunct faculty member for the Media and Journalism Fellowship, recounts his career in film and television.

Read more

10-08-2018 08:10am

Occupational Licensing Reforms Remove Roadblocks

New Mexico’s occupational licensing reform shows how making changes at the state level removes barriers to opportunity, especially for low- and moderate income Americans.

Read more

09-25-2018 03:09pm

Pompeo’s On the Right Track with North Korea Negotiations

Mike Pompeo’s move to invite North Korean Minister of Foreign Affairs to DC is in line with the views of Americans and South Koreans.

Read more

Sign up for updates