Manonthestreet
Diamond Member
- May 20, 2014
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Good weather and innovative new seeds have allowed modern farmers to produce more corn per acre than ever before. In contrast to the image of the struggling family farm that prompted Willie Nelson and John Mellencamp to start Farm Aid 30 years ago, farm family incomes are actually higher than the American average, as they have been for nearly three decades.
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That’s why it ought to outrage taxpayers that the government’s crop “insurance” program — originally intended as a safety net for family farms — is going to pay out $10 billion this year to these same hugely successful corn growers. Largely because of the success of the harvest, corn prices per bushel have declined, thus triggering automatic payments. Time to Shuck the Big Corn Giveaway National Review Online
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That’s why it ought to outrage taxpayers that the government’s crop “insurance” program — originally intended as a safety net for family farms — is going to pay out $10 billion this year to these same hugely successful corn growers. Largely because of the success of the harvest, corn prices per bushel have declined, thus triggering automatic payments. Time to Shuck the Big Corn Giveaway National Review Online