May 14, 2012

REDISTRIBUTING TAX MONEY TO THE RICH:

The Boom on the Farm (Robert Samuelson, 5/14/12, Washington Post)

Sitting in the cab of a $350,000 John Deere tractor pulling a $150,000 Deere corn planter, Greg Carson embodies modern American agriculture. It's capital-intensive, high-tech, efficient -- and now immensely profitable. Looking for a bright spot in the U.S. economy? The farm belt is it. [...]

American agriculture transcends the Midwest farm belt. It also includes fruit and vegetable producers, poultry operators and cattle ranchers. But most of these others, dairy farmers excepted, are largely unsubsidized. Meanwhile, subsidies going mostly to grain and cotton now average about $12 billion annually, reports the Agriculture Department.

Begun in the Great Depression, these subsidies could once be justified as cushioning farming's enduring insecurities: bad weather, big shifts in supply and demand, crop infestations. But most industries now face comparable uncertainties from new technologies, global markets and erratic business cycles. Congress is writing a new farm bill and is struggling with how much to trim subsidies. But why should prosperous grain farmers and absentee owners receive special treatment and windfalls? The proper level of subsidies is simple: zero. 

Posted by at May 14, 2012 5:48 AM
  

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