Corporate cronyism under the guise of helping family farms
Crop cronyism: Trillion-dollar farm bill is the latest example of what’s wrong with our economy:
Combine a Midwestern drought with pointless ethanol mandates, and the
supplies of corn inevitably dwindle, driving prices sky high.
Politicians like Sen. Claire McCaskill, Missouri Democrat, are citing
the crop crisis as an excuse to ram through a near-$1 trillion farm
bill. While a bit of that cash might find its way to a small farmer, the
bulk of the loot will be transferred to individuals who are anything
but poor. Like the bank bailouts and TARP, the farm bill illustrates the
capture of the legislative process by special interests. ...
The greatest scourge to the honest Midwest farmer is not unfavorable
weather, pestilence or disease. Far worse for them is the plague of
politicians who create an artificial market in which only those with
influence can truly compete. Defeating the budget-busting 2012 farm bill
is the best chance at a good harvest.