Crop insurance is the big issue in the forthcoming farm bill. The American Enterprise Institute doesn’t like it much, and for good reason. On the theory that one picture is worth a thousand words, here’s why
The blue bars are the percentages of total farm bill subsidies. The yellow bars are subsidies per acre. If you thought that subsidies helped small or medium farms, think again.
Whether you agree with the AEI or not, its American Boondoggle reports are always worth reading for their remarkably clear explanation of the hugely complicated farm bill issues.
This one, for example, tells you everything you need to know about how crop insurance really works—and at taxpayer expense.