With record profits, farmers shouldn’t be reaping larger subsidies

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With record profits, farmers shouldn’t be reaping larger subsidies

From 1995 to 2010, taxpayers provided nearly a quarter-trillion dollars in subsidies to farm businesses. Only one-third of America’s farmers grow crops that are even eligible for these subsidies, and the top 10 percent of these operations collected 74 percent of available funds. More and more farm payments are being delivered as premium subsidies for farm insurance policies. As more farm businesses purchased government-subsidized insurance, the cost to taxpayers has exploded: from $2.4 billion in 2001 to nearly $9 billion in 2011.

Nevertheless, some farm lobbyists have proposed extending these costly insurance subsidies - with no means-testing or payment limits - and creating new entitlement programs. In particular, some lobbyists want to guarantee up to 95 percent of the income for the same farm businesses that have absorbed the lion’s share of subsidies.

http://www.washingtontimes.com/news/2012/apr/2/the-farm-bill-taxpayers-want/

is there a sound reason we are doing this?
 
Of course if the Tea Party guy replaces Lugar in Indiana those subsidies will end in Indiana for sure?
 
Occupant said:
In my personal knowledge most farmers who get the subsidies are Republicans in their voting.
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just ask Tyson foods.....(one of the biggest recipients)........I won't mention my mother who still believes Carter was the best president we ever had (because he taught Sunday School in his church).........
 
Yurt said:
With record profits, farmers shouldn’t be reaping larger subsidies

From 1995 to 2010, taxpayers provided nearly a quarter-trillion dollars in subsidies to farm businesses. Only one-third of America’s farmers grow crops that are even eligible for these subsidies, and the top 10 percent of these operations collected 74 percent of available funds. More and more farm payments are being delivered as premium subsidies for farm insurance policies. As more farm businesses purchased government-subsidized insurance, the cost to taxpayers has exploded: from $2.4 billion in 2001 to nearly $9 billion in 2011.

Nevertheless, some farm lobbyists have proposed extending these costly insurance subsidies - with no means-testing or payment limits - and creating new entitlement programs. In particular, some lobbyists want to guarantee up to 95 percent of the income for the same farm businesses that have absorbed the lion’s share of subsidies.

http://www.washingtontimes.com/news/2012/apr/2/the-farm-bill-taxpayers-want/

is there a sound reason we are doing this?
Click to expand...
What was it Joe Heller said about anyone but Farmers recieving subsidies was creeping socialism?
 
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