In today’s Detroit News, Acton communications intern Elise Amyx offers a piece on farm subsidies. She looks at how Michigan Sen. Debbie Stabenow described this government support as “risk management protection” for farmers.
Stabenow, chairwoman of the Committee on Agriculture, Nutrition and Forestry, conceded to the soybean farmers that “it’s wonderful that farming is prosperous now.” But she pointed to droughts in the South and the floods in the Midwest as proof that “you still face the same risk that farmers have always to deal with.” Some agribusinesses get paid seven digits to not farm areas of their farm in the name of “risk management,” but what sort of business person doesn’t take risks?
There is no doubt that farming is a difficult, volatile business filled with risk and uncertainty, but so are many other industries that do not receive any government handouts. Too many farmers view the government as a savior, who will reduce risk, create certainty and save the day if something bad happens. This is a dangerously dependent position to be in, and it is morally problematic when it comes at the expense of everyone else.
The glaring injustices built into farm subsidy policies explain why so many on both the political right and left routinely describe them as immoral.
Read Elise Amyx’s “Farming subsidies often do more harm than good” in the Detroit News.
Elise Amyx: Farming subsidies often do more harm than good
In today’s Detroit News, Acton communications intern Elise Amyx offers a piece on farm subsidies. She looks at how Michigan Sen. Debbie Stabenow described this government support as “risk management protection” for farmers.
Read Elise Amyx’s “Farming subsidies often do more harm than good” in the Detroit News.
Related posts:
Category: Acton Commentary, News and Events
Related Tags:
Agricultural economics, Agricultural subsidy, agriculture, Debbie Stabenow, Elise Amyx, michigan, political economy, Public economics, subsidy
Older post
Samuel Gregg: Taxing Warren BuffettNewer post
AP: International Aid Actually Worsens Somali Food Crisis