The devil is in the details: Base updating and the cost of new farm bill programs

Article Highlights

  • Hopes for a 2012 farm bill are now ancient history.

    Tweet This

  • The Direct Payments Program provides substantial subsidies mainly to wealthy farmers & landowners.

    Tweet This

  • The agricultural sector of the US economy is currently enjoying record profits.

    Tweet This

Hopes for a 2012 farm bill are now ancient history. Instead, there will likely be a new farm bill in January 2014. One thing is more certain: in Congress, there is extensive agreement that a major program embedded in successive farm bills since 1996, the $5 billion-a-year Direct Payments Program, will be discontinued in any new farm legislation. This program provides substantial subsidy payments, mainly to wealthy farmers and landowners, based largely on what was produced on the land in the early and mid-1980s.

 

 

Also Visit
AEIdeas Blog The American Magazine
About the Author

 

Vincent H.
Smith

What's new on AEI

Holder will regret his refusal to obey the Constitution
image 'Flood Wall Street' climate protesters take aim at their corporate allies
image 3 opportunities for better US-India defense ties
image Is Nicolás Maduro Latin America's new man at the United Nations?
AEI on Facebook
Events Calendar
  • 29
    MON
  • 30
    TUE
  • 01
    WED
  • 02
    THU
  • 03
    FRI
Thursday, October 02, 2014 | 9:00 a.m. – 10:30 a.m.
Campbell Brown talks teacher tenure

We welcome you to join us as Brown shares her perspective on the role of the courts in seeking educational justice and advocating for continued reform.

Friday, October 03, 2014 | 12:00 p.m. – 1:00 p.m.
Harnessing the power of markets to tackle global poverty: A conversation with Jacqueline Novogratz

AEI welcomes you to this Philanthropic Freedom Project event, in which Novogratz will describe her work investing in early-stage enterprises, what she has learned at the helm of Acumen, and the role entrepreneurship can play in the fight against global poverty.

No events scheduled this day.
No events scheduled this day.
No events scheduled this day.
No events scheduled today.
No events scheduled this day.
No events scheduled this day.