Agriculture is a unique industry in so many ways. One particular way—it is perhaps the only area of the federal budget to have shrunk in the past 10 years, yielding cuts even as it was coming in under budget. Funding for farm policy over the last five years (’07-’11) averaged $12.9 billion per year. This…
With claims still streaming in — only an estimated 81 percent of expected claims have been finalized — crop insurance companies have already paid out a record $9.1 billion in indemnity payments to America’s farmers in 2011. This has already surpassed the former record of $8.67 billion in indemnities paid in 2008, according to USDA’s…
Western Sugar, a company now owned by farmers, closed its Goodland, Kan., sugarbeet factory in 1985. Sugar prices were low, the cost of doing business was climbing, and tough decisions were made that hurt workers and farmers. The Kansans who lost their jobs weren’t alone. From 1985 to 2008 low sugar prices remained stagnant as…
Opponents of U.S. ethanol—Brazil, Big Oil, and multinational food conglomerates looking to drive down farmer prices to boost their own profits—have a tendency to blame the alternative fuel for just about everything. And just when we didn’t think it could get more absurd than the off-the-wall argument that American corn farmers are to blame for…
As the United States Congress begins debate of the 2012 Farm Bill, America’s biggest competitors on the global marketplace have been steadily increasing their rates of subsidization, according to a study by DTB Associates. And one of the biggest offenders is also one of the biggest agricultural superpowers and biggest critics of U.S. farm policy:…