First Trim the Fat: Ryan Budget and Agricultural Cuts

With Rep. Paul Ryan (R-WI) releasing his budget this week, the following blog post from agricultural economist Vincent Smith is particularly pertinent (full text below).

The Ryan proposal would cut agriculture subsidies by $30 billion over the next ten years, $7 billion more than the congressional agriculture committees thought they would have to loose in a new farm bill. Yet, Smith notes that this cut "is only a small step in the right direction, although Ryan should be applauded for putting crop insurance subsidies back on the budget-cutting table."

Vince Smith is a co-director of the American Enterprise Institute's agricultural policy initiative and a professor at Montana State University. He is available for interviews and can be reached at vsmith@montana.edu.

Find out more about AEI's American Boondoggle: Fixing the Farm Bill project.

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About the Author

 

Vincent H.
Smith
  • Vincent H. Smith is Professor of Economics in the Department of Agricultural Economics and Economics at Montana State University and co-director of MSU’s Agricultural Marketing Policy Center. He received his Ph.D. from North Carolina State University in 1987 and his bachelor’s and master’s degrees from the University of Manchester in 1970 and 1971. Dr. Smith’s current research program examines agricultural trade and domestic policy issues, with a particular focus on agricultural insurance, agricultural science policy, domestic and world commodity markets, risk management, and agricultural trade policy. He has authored nine books and monographs and published over 100 articles on agricultural and other policy and economic issues. His work has been recognized nationally through multiple national awards for outstanding research programs. In 2008, he became a Distinguished Scholar of the Western Agricultural Economics Association. Currently he is a Visiting AEI Scholar and co-director of AEI’s agricultural policy initiative. Dr. Smith is married and he and his wife, Laura, have two children, Karen and Meredith.
  • Email: uaevs@montana.edu
  • Assistant Info

    Name: Neil McCray
    Phone: 2028625826
    Email: neil.mccray@aei.org

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