We're going to need another justification than "cheap food" to continue our subsidies with farm income for many growers at record levels. When disposable income stagnates with slow growth, our oft-repeated statistic about "less of their income" could shoot up significantly, revealing it is 90% about income and 10% about commodity prices.
Grain farmers are also going to have to contend with increasingly restive livestock producers.
I think payment limits and means-testing would be a strategic compromise to consider right now. Ya gotta know when to fold 'em.
Blogging on bureaucracy, organizations, USDA, agriculture programs, American history, the food movement, and other interests. Often contrarian, usually optimistic, sometimes didactic, occasionally funny, rarely wrong, always a nitpicker.
Monday, January 28, 2008
John Phipps Counsels Moderation
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