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Subsidizing profitable farms

Monday, April 9, 2012

In these tough budget times, taxpayers are subsidizing profitable farm businesses while 12.7 million people remain unemployed.

And the press is taking note.  The Argus Leader, citing the Mitchell Technical Institute, reports the average net farm profit in South Dakota is $120,000.

The Toledo Blade quotes Matt Roberts, an agricultural economist at Ohio State University, as saying,  "the last five or six years, I don't think there is any industry that has had as good of a run," as farming.

What’s worse, some farm lobbyists and lawmakers have proposed a new entitlement program to guarantee business income for the same producers who absorb the lion’s share of federal farm subsidies.

Table Scraps:

Minnesota Public Radio has a wrap up on the various farm subsidy and insurance proposals on the table as Congress writes the new farm bill.

Maggie Koerth-Baker has a piece in the Smithsonian Magazine on erosion, biofuels, pyrolysis and one town's attempt to move beyond corn.

Tweet of the day:

@ChrisClaytonDTN

The Farm Bill's new alphabet soup: A look at some of the commodity proposals being considered in the Senate. http://dld.bz/bqGny

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