Fifty-seven percent of farms receive no payments and two-thirds of those that do receive less than $10,000. The largest 8 percent of farms receive 58 percent of the payments. Farms with revenue of $250,000 or more receive payments averaging $70,000. Lugar wants to redirect the flow of federal funds from subsidizing favored crops to rural development, because fewer than 14 percent of residents in rural areas work on farms.Here's the citation:
Under the continuing New Deal approach, five commodities -- corn, soybeans, cotton, rice and wheat -- got about 90 percent of last year's $19 billion in subsidies. This is a perverse incentive for overproduction of the five, which depresses prices, which triggers federal supports.
The Farmer to Fix Farm Policy
By George F. Will
Thursday, July 12, 2007; Page A23