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Farm Bill Fails to Cultivate Reform
Posted By Rob Bluey On May 9, 2008 @ 11:47 am In Scribe | Comments Disabled
Congress had its first chance in six years to reform the economically incoherent farm program. Rather than fix the program, lawmakers irrationally increased subsidies .
Below are price increases for the most heavily subsidized crops, according to the National Agricultural Statistics Service . These five crops are responsible for approximately 90% of all farm subsidies.
Market Prices of the Five Most-Subsidized Crops
|Crop||Unit||Price During 2002 Farm Bill Debate||Price During 2008 Farm Bill Debate||Price Increase||2008 Farm Bill Response*|
|Rice||($/cwt)||$3.88||$14.80||281%||Level, no significant cuts|
|All Wheat||($/bu)||$2.84||$10.10||256%||Increase subsidies|
|Corn||($/bu)||$1.91||$5.13||169%||Level, no significant cuts|
|Upland Cotton||($/lb)||$0.29||$0.60||105%||Level, no significant cuts|
Given these alarming numbers, we’ve come up with eight reasons why the bill warrants a veto  without reform:
Article printed from The Foundry: Conservative Policy News Blog from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2008/05/09/farm-bill-fails-to-cultivate-reform/
URLs in this post:
 irrationally increased subsidies: http://www.washingtonpost.com/wp-dyn/content/article/2008/05/08/AR2008050803320.html
 National Agricultural Statistics Service: http://www.nass.usda.gov/index.asp
 eight reasons why the bill warrants a veto: http://www.foundry.org/wp-content/uploads/2008/05/farm-bill-fails-to-cultivate-reform.pdf
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