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Seven Reasons to Veto the Farm Bill
Publication Date: May 2008
Publisher(s): Heritage Foundation (Washington, D.C.)
Author(s): Brian M. Riedl
Series: Backgrounder
Topic: Agriculture, forestry and fishing (Agricultural economics and farm holdings)
Keywords: Agriculture; farm subsidies; spending; farms
Type: Report
Coverage: United States
Abstract:
Since the enactment of the last farm bill in 2002, crop prices and net farm income have more than doubled. Yet the new farm bill would expand the $25 billion farm-subsidy system by raising payment rates and creating new subsidies. President Bush should veto Congress's attempt to increase the budget deficit in order to finance additional farm subsidies.