The Farm Fiasco

The Farm Fiasco

The Farm Fiasco

The Farm Fiasco

Excerpt

Farm subsidies are an anomaly. Their greatest expansion came under the Reagan administration, which was elected in 1980 with the explicit promise to reduce government interference in the economy. Last year the government paid out $26 billion in agricultural subsidies, an amount approaching one-fifth of the federal budget deficit. Few believe it was money well spent. But much worse than the waste is that farm subsidies are harming American agriculture itself, historically one of the nation's most productive enterprises.

Reforming farm policy has proved terribly difficult. This is partly due to the system of political payoffs now operating in Washington, as well as to the wide currency that certain myths about farming have achieved. This book, written by the nation's best-known critic of federal farm policy, attacks the problem head-on. We hope that Mr. Bovard's study will spark a long-needed debate over the farm fiasco.

--Robert B. Hawkins, Jr. President, Institute for Contemporary Studies

San Francisco April 1989 . . .

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