Paying Farmers to Farm Poor Land

Written by Gary North on June 11, 2012

One of the oldest and most entrenched boondoggles is the crop insurance program. The federal government pays the premiums for privately sold, highly profitable insurance to farmers. If crop prices fall, farmers get paid. Why pays them? Taxpayers who live in cities. So, if food prices are high, taxpayers lose. But if food prices fall, […]

Continue reading →