Government has a legitimate role in agriculture to ensure food safety,
promote research and development and oversee the environment. But most of
today's farm programs are simply income
transfers from consumers and taxpayers to farmers. It's not just that these
programs are unnecessary and costly. They actually damage American
interests. Global trade negotiations
are now stalled in part because countries won't end farm subsidies and
protections. The United States - still the world's largest food exporter -
would be better off if all countries did, though some U.S. producers (sugar,
cotton) might suffer.
Farming
has now become the economy's most pampered, protected and subsidized sector.
Mandates for ethanol, which raise corn demand but save little oil, are the
latest unjustified promotion . . .