Policy Documents

Another Year At The Federal Trough: Farm Subsidies For The Rich, Famous, and Elected Jumped Again In 2002

Brian M. Riedl –
May 24, 2004

Taxpayers funding Washington's $20,000-per-household budget have long known they are not getting their money's worth.  Farm subsidies are among the most wasteful uses of taxpayer dollars.  The budget-busting $180 billion farm bill enacted before the 2002 elections not only encourages the crop overproduction that depresses crop prices and farm incomes, but also undermines trade and encourages other nations to refuse American exports.