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The Government Has Been Meddling in Food and Nutrition for a Long Time - Foundation for Economic Education
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Blueprint for Balance: A Federal Budget for Fiscal Year 2018
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Introduction Agricultural producers, similar to other businesses, face significant risk. The United States Department of Agriculture’s (USDA) Economic Research Service identifies five different types of farming risk: human and personal risk (such as human health), institutional risk (regarding governmental action), financial risk (such as access to capital), price or market risk, and production risk (such as weather and pests). Of these, policymakers usually focus on the last two types.
The Senate is expected to take up its farm bill this week, and if the Senate follows the House’s lead, there will be a relatively closed amendment process, making it impossible for legislators to reduce the waste and abuse in the farm subsidy system. In the House, agricultural special interests and the House Agriculture Committee developed their farm bill behind closed doors. The interests of anyone other than big agricultural interests were irrelevant.
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