Sunday, February 24, 2008

Good NY Times journalism on the Farm Bill

Mark Perry rounds up NYT and Orlando Sentinel points:
3. Half the subsidies would go to farmers in just seven states producing a handful of crops — corn, cotton, rice, soybeans and wheat.

4. Two-thirds of the nation’s farmers would not benefit at all.

5. Subsidies will flow to farm families making as much as $2 million a year.

7. The largest commercial farmers reap the bulk of the subsidies, while most growers get little or nothing.

8. Subsidies spur overproduction, wasting resources and harming the environment.

9. They impede efforts to open more foreign markets to U.S. products.

10. Subsidies are especially uncalled for now, when biofuel demand has sent farmland values and crop prices soaring.

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