Like
a phoenix made of pork, the Farm Bill has risen from the ashes. And
for opponents of farm subsidies and wasteful government spending,
that’s bad news. The most notable change in this year’s Farm Bill
is the elimination of direct farm subsidies, the
multi-billion-dollar handout to mostly wealthy farmers. That’s a
good thing. But in its place, Congress has substituted
taxpayer-subsidized crop insurance. And, writes Baylen Linnekin,
the bill taxpayers may foot for crop insurance subsidies—at least
$89 billion over ten years—may outweigh what taxpayers would have
contributed in direct subsidies.
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