“The Farm Bill Mainly Helps Wealthy Farmers”

Farm-bill-infographic

A postscript to my recent post on Farm Welfare  is a great graphic courtesy of the American Enterprise Institute. This is a nice addition given that my previous post focused on previous iterations of the farm bill as forms of de facto middle class welfare. Politicians like to crow that in the 2014 bill forms of direct payments were ended and in their place farmers could get disaster relief in the form of crop insurance. This shift presumably allows many politicians to make the claim that they implemented more free-market reforms. Alas, as the infographic shows, large farms are getting a lion’s share of the subsidies, farm families are still much more wealthy than their non-farm counterparts (likely as a result of non-wealthy farm families getting crowded out of the market due to welfare going to those that own the land), and insurance is simply a hidden form of more welfare.

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