Mises Wire
Author:
Paul Boyce
Online Publish Date:
The federal government spends more than $20 billion a year on subsidies for farm businesses. About 39 percent of the nation’s 2.1 million farms receive subsidies, with the lion’s share of the handouts going to the largest producers of corn, soybeans, wheat, cotton, and rice. What these subsidies have done is create a floor for food prices. This is