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Another Year at the Federal Trough: Farm Subsidies for the Rich, Famous, and Elected Jumped Agai
Taxpayers funding Washington's $20,000-per-household budget have long known they are not getting their money's worth. Farm subsidies are among the most wasteful uses of taxpayer dollars. The budget-busting $180 billion farm bill enacted before the 2002 elections not only encourages the crop overproduction that depresses crop prices and farm incomes, but also undermines trade and encourages other nations to refuse American exports.Perhaps worst of all, farm subsidies are not distributed to the small, struggling family farmers whom lawmakers typically mention when defending these policies. Rather, most farm subsidies are distributed to large farms, agribusinesses, politicians, and celebrity "hobby farmers." This paper analyzes how Washington distributed farm subsidies in 2002 and illustrates that farm subsidies continue to represent America's largest corporate welfare program. Snip Higher incomes. In 1999, the average farm household earned $64,437--17 percent more than the $54,842 average for non-farmers. Incomes were even higher among the 136,000 households with annual farm sales over $250,000--and who also receive the largest subsidies. Their 1999 average income of $135,397 was two-and-a-half times the national average.2 (See Chart 1.) Farmer incomes are not only high, but also quite stable from year to year, despite agricultural market fluctuations. Very interesting. read it all at the link. I have a small farm and I get no subsidy while Ted Turner gets millions. Posted by: Deacon Blues 2005-02-08 |
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