Farm Subsidies?

Victor Davis Hanson

Townhall - In times of massive deficits, why are we borrowing millions to subsidize profitable agribusiness? Lots of presidents have asked that question. George H.W. Bush tried to cut farm subsidies in the late 1980s. Bill Clinton did, too. George W. Bush wanted them ended as well. All failed. The so-called 1996 "Freedom to Farm Act" was supposed to stop farm supports for good, by offering the carrot of extending crop payouts to growers, regardless of current commodity prices, in exchange for ending the flow of federal money altogether after a slow weaning-off period of seven years.

But when it came time to honor the agreement, suddenly a new rationale appeared -- that of post-9/11 security. So crop subsidies reappeared under the "Farm Security and Rural Investment Act of 2002," on the dubious premise that in a new terrorist climate, Americans needed to ensure the prosperity of agribusiness. "Investment" in today's bureaucratese, remember, translates into the government borrowing more money to distribute to special interests. Read full column: News New Mexico

Farm Subsidies?