Cato Institute’s Chris Edwards on how farm subsidies distort the economy, harm the environment, and flow mainly to the largest producers. If farm subsidies were cut, there would be shifts in the crops planted and the use of land. Farmers would adopt new risk management strategies, and there would be more focus on innovation and cost control.
Cutting Federal Farm Subsidies
Farm subsidies are costly to taxpayers and can distort planting decisions, induce overproduction, and inflate land values.
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