The Motley Fool Discussion Boards
Retirement Discussions / Retire Early CampFIRE
|Subject: Re: Zombies with guns||Date: 10/14/2013 3:30 PM|
|Author: tjscott0||Number: 701199 of 793998|
If farmers go out of business, the welfare weenies and queenies' EBT cards will buy exactly what?
While farms are still mostly family owned . They are not small operations. And subsidies largely go to the biggest operators who are likely the most efficient operators.
In any case, if farmers cannot make a profit; they need to get out of the business or raise prices.
Legislators promoting subsidies take advantage of the popular misconception that farm subsidies exist to stabilize the incomes of poor family farmers who are at the mercy of unpredictable weather and crop prices. If that were the case, the federal government could bring the income of every full-time farmer in America up to 185 percent of the federal poverty level ($32,652 for a family of four in 2001) for just $4 billion per year.3 In reality, however, the government spends nearly $20 billion annually on programs that target large farms and agribusinesses.
Eligibility for farm subsidies is determined not by income or poverty standards but by the crop that is grown. Growers of corn, wheat, cotton, soybeans, and rice receive more than 90 percent of all farm subsidies, while growers of most of the 400 other domestic crops are completely shut out of farm subsidy programs. Further skewing these awards, the amounts of subsidies increase as a farmer plants more crops.
Thus, large farms and agribusinesses -- which not only have the most acres of land, but also, because of their economies of scale, happen to be the nation's most profitable farms -- receive the largest subsidies. Meanwhile, family farmers with few acres receive little or nothing in subsidies. In other words, far from serving as a safety net for poor farmers, farm subsidies comprise America's largest corporate welfare program.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|