Down On The Farm Bill
April 21, 2007, 4:06pm
With federal farm programs facing reauthorization in 2008, the Cato Institute is making the case that “agricultural policy in the United States is interventionist, expensive, inequitable, and damaging to American interests abroad.”
Cato’s proposal is “that the government buy out the damaging and expensive support for farmers by paying them a fixed amount of money, which they would be free to spend as they wish. Although it would require large upfront outlays, a politically expedient buyout of agricultural subsidies and trade barriers, with concrete steps to ensure the changes are permanent, would be a worthwhile investment. The 2007 farm bill provides an opportunity for less government interference with rural America.”
Categories: Agriculture
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