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Viewpoint: Doug Bandow

From Forbes.com: “The family farm is largely a quaint historical artifact: Today agriculture increasingly is big business pursued by shrewd corporate operators...

“The family farm is largely a quaint historical artifact: Today agriculture increasingly is big business pursued by shrewd corporate operators, who are even more adept at politics than economics. Government subsidies obviously aren’t necessary for food production: People have fed themselves and traded their surpluses for thousands of years. The system doesn’t help consumers. Reducing supplies and imposing price floors obviously are bad deals for the hungry. Paying off farmers might lower some prices, but it steals back through taxes any benefits received by consumers. Agricultural subsidies are designed by farmers for farmers. But which farmers? Not the idyllic family farmer. The majority of payments go to farms with average annual revenue exceeding $200,000 and net worth around $2 million.”    

Doug Bandow in Forbes.com

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