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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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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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