Heritage In Focus: Farm Subsidies: Too Much of a Bad Thing

Heritage In Focus: Farm Subsidies: Too Much of a Bad Thing

Category:

News & Politics

Tags:

• Heritage
• Foundation
• Focus
• Farm
• Subsidies
• Farmer
• Crops
• Corn
• Riedl
• Streit

[galbraith1988]

Once again Fireweed, you need to cite sources on the costs of production and these "economic facts" you cite here and in related videos. Arguing that subsidies came in late does not buttress your argument in a meaningful way with proof that the agricultural sector was devastated prior to these years. If you argue that Americans couldn't grow wheat before 1961, then you might have a point.

[FireweedFarm]

False. 1. There were no farm commodity subsidies for corn 61, soybeans 96, wheat 61, rice77 & cotton 63 until the years shown 2 USDA-ERS CornWheatRiceCottonSoybeanBarl­eySorghumgrainOats lost 180 billion vs full costs 81-06 Rich could afford to farm (81-06) as tax loss 3 The 5 storable crops lack price responsiveness on both supply & demand sides. (economic fact proves free markets don't work & US exported at loss as price floors lowered 4 managSuppl=only profit 5. HF ideology trumps biz profit

[kudzu79]

Only 1/3 of the money in the farm bill actually goes to farmers. Also the reason that corporate farms get so much more is because it is usually made up of several farmers working together. Of course they get more money because they farm more land and take more risks.

[smellgoody]

@harmsdap Hooray for your ignorance!! The farmer's salaries come from the net income. the net income comes from the gross income minus the expenses. Read up.

[Isawanangel1X]

i know this is very misunderstood overproduction drives the price down for the small farmers

[descleem13]

There is a few that did do very well, but then there is the rest that are making up for bad years and playing enormous expenses. I do cash flows for farmers all day and I can tell you that not all farmers were able to sell at $7. Plus have you ever heard the word BASIS? Take that off their futures price and it isnt as pretty

[zzot2]

I live right in the middle of the corn belt and can tell you the wealthiest of people are farmers. Do the math last year so farmers received $7 a bushel for corn. The averaged around 200 bushels per acre. One field of 100 acres grossed a farmer $140,000. I know farmers that farm 2-5 thousand acres. Even with expenses subtracted they made a killing last year, and on top of all of that they got your tax money in the form of subsidies. I wish I could be a farmer

[redbaron1943]

So then no subsidies should go to farmers whose land is already owned free and clear..

[harmsdap]

Sure farmers make 1/3 more than the national average, but they also have to pay for expenses like land, seed, fertilizer, fuel, equipment, taxes, storage, transportation, and maintenance. By the time you subtract those expenses, sometimes you're left with a negative number, which is where Subsidies come into play! Hooray for researching your topic Heritage!

[yourembryo]

"back then"...Exactly what does that mean? If you look at the most significant subsidies provided within the past 60 years and compare it to the so called "deficit", what does that truely mean?

I am completely against farmers being subsedized as if they are a union. Thats just stupid,inhuman and unethical.