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Government Failure in the Farm Bill

February 2, 2018
By Michael D. Farren and Gregory J. Fitton

While the original intent of the farm bill was to protect small farmers from price fluctations, most of the funds go to large wealthy farmers with small farmers not receiving help.

The purpose of the original 1933 farm bill was to protect small farmers from price fluctuations by limiting supply, however, over time the farm bill has morphed into a program benefiting large farms and already wealthy farmers. Research shows from “1995 through 2014, nearly 90 percent of farm subsidies went to the largest 20 percent of farms—with the top 1 percent of farms receiving 25 percent of all payouts."