Amid the long list of federal projects costing taxpayers far more than predicted, one policy stands alone by coming in billions of dollars under budget. From 2007 to 2011, this policy trimmed taxpayer spending 31 percent when compared with the same four-year period a decade earlier. It even found room to contribute to deficit reduction…
The absurdity arguably began one chilly Monday night in December 2003. ABC aired a “news” program linking farm policy to the nation’s obesity epidemic. At the time, farmers cried foul and some even threatened to boycott the network. The notion that U.S. commodities were too cheap and that, if Congress super-sized subsidies for asparagus and…
Nebraska is well-known for its high rate of agricultural production. The state leads the nation in per capita agricultural output, generating about $15 billion—five percent of the U.S. total—despite being the 13th least populous state with just over 1.8 million residents. And with almost 93 percent of Nebraska’s land now used for farming, the area…
In the May 17 issue of the National Journal Daily it was reported that the Vice President’s working group had not yet settled on a plan to raise the debt ceiling while cutting federal spending, but that the group may be coalescing around even deeper cuts to U.S. farm policy. All week there have been…
It may be the Land of 10,000 Lakes, but in Minnesota, agriculture reigns supreme. With 81,000 farms occupying about 26.9 million acres of farmland—almost half of the state—Minnesota leads the nation in the production of several commodities including sugar beets, turkeys, and oats, as well as sweet corn and green peas for processing. The state…
As the nation struggles to regain its economic footing after the real estate bubble burst and nearly thrust this country and the world into another Great Depression, a new bubble may be emerging. Increasingly, economic experts are keeping an eye on America’s farms, which were collectively valued at about $2 trillion last year. While this…
John Henry Newman wrote that, “The truer doctrines are, the more liable they are to be perverted.” But you didn’t have to live in Victorian England to get the recently beatified Cardinal’s point. In fact, in modern day Washington, we have reached the stage where anytime anyone even mutters the truth it’s worth popping a…
We have been taught from an early age that humans have four basic needs: food, water, clothing and shelter. Interestingly enough, it is the U.S. farm sector that provides two—food and clothing—out of those four needs. This fact puts farming and the programs that protect farmers from adversity—the farm safety net—pretty high on this country’s…