Thursday, August 2, 2007

Cato-at-liberty » Life without Farm Subsidies

Cato-at-liberty » Life without Farm Subsidies:

"When the House passed a massive farm bill last month, supporters justified
ongoing subsidies as a “safety net” for family farmers. But a story in the New
York Times this morning on the New Zealand dairy industry shows that farmers can
survive and thrive in a free market without subsidies."


Subsidies should end, they are a distortion of the market that harm third world countries ability to sell their crops in the US. It also means higher taxes to cover the subsidies that go to the farmers, or taking funding from where it could be better spent. They were started for a breed of farmers that primarily does not exist anymore, the family farm is dead. Corporate farmers should not need this money, what they need is competition, which the subsidies limit.

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