I agree

The Free Market

Sometimes I do agree with our elected leaders. Here, for example, I agree with one of the architect of the disastrous Farm Bill - this Bill is very hard to justify…

House Agriculture Committee Chairman Collin C. Peterson (D-Minn.) acknowledged that the payments are “very hard to explain to our urban colleagues.” But negotiators, under pressure from farm groups, made a token cut of $30 million a year in the current program.

Advocates of the bill stressed that eligibility will be tightened by prohibiting anyone earning more than $500,000 from off-farm sources to participate in the farm programs. Those earning more than $750,000 from farming would also be ineligible for the automatic payments. Currently, only those with more than $2.5 million in income from all sources are ineligible.

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Rogel @ May 9, 2008