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Seven Reasons to Veto the Farm Bill

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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.