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I'm Frightened And Confused

Common sense, from Jimmy Carter.

Posted by Rand Simberg at December 11, 2007 11:04 AM
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Comments

American producers of cotton received more than $18 billion in subsidies between 1999 and 2005, while market value of the cotton was $23 billion. That's a subsidy of 86 percent!

Posted by Two links through at December 11, 2007 11:38 AM

Add to Jimmah's comments about government subsidy of big business farming, the adverse affect of the death tax on the ability of the farming family to hold onto property. A small cotton farm can easily top $2 million for land, structures, and tools, while running on a rather fixed budget that now has to contend with the loss of leadership and a tax collector knocking on the door.

Posted by Leland at December 11, 2007 02:20 PM


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