Johnathan Hladik: Farm Policy Needs Reform -- Here's How to Do It!
May 25, 2017
The Farm Bill is up for renewal in 2018 and needs reform. The current bill costs taxpayers too much, rewarding wealthy corporate farmers with unnecessary subsidies.
Johnathan Hladik, policy director with Center for Rural Affairs, says the forthcoming farm bill needs to be reformed. Cutting subsidies to wealthy corporate farmers -- some of who making more than $1 million a year, who receive the largest share of government subsidies and payouts. The fastest growing subsidy in the farm bill is in the insurance program, not from payouts for disasters and crop losses but because taxpayers pay 62 percent of the premiums paid to private insurers who are in the program, and then pay for any loses the insurers incur. In addition, programs pay billions of dollars to farmers when they miss their expected income target.