All Commentary
Thursday, June 7, 2012

Taxpayers Could Face Steep Crop-Insurance Tab

“At the same time that high crop prices are prompting farmers to expand into millions of acres of land once considered unsuitable for farming, Congress is considering expanding a federal insurance program that reimburses farmers for most losses or drops in prices. The combination could cost the government billions of dollars if the newly farmed land does not yield enough crops and especially if crop prices fall.” (New York Times)

Direct cash is not the only way to subsidize farmers.

FEE Timely Classic
“Free-Market Farming” by W. M. Curtiss