Many farmers are receiving their first government payments under the new Farm Bill enacted last year, and taxpayers are spending more than projected.
Some have complained that the government pays farmers not to farm. It’s actually a complicated program sought by sustainable agriculture advocates.
In bad years, higher premiums and higher payouts cost taxpayers more. When prices are lower and premiums are lower, the public is not out as much.
Even though lots of corn and soybean farmers are taking a beating because of drought, it’s not likely to drive many out of business. Most carry insurance.
A new report, "Apples to Twinkies," finds that taxpayers are spending billions on junk food subsidies and only a fraction on fresh food subsidies.