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The High Cost of Farm Welfare By: Clifton B. Luttrell

The High Cost of Farm Welfare

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Cato Institute, January 1989

Synopsis

Few people have been helped by the massive farm subsidy programs that have developed over the past 5 years, charges agricultural economist Clifton B. Luttrell; the programs have been a colossal waste of money. In this book Luttrell traces the history of government intervention in the agricultural sector from the early price support schemes to the massive expansion of farm programs during the New Deal and the postwar period, then provides a comprehensive analysis of modern programs. He contends that such programs "tax the poor to enrich the wealthy." Luttrell concludes that dismantling the farm programs would provide major savings for American consumers and taxpayers, increase the economic viability of the nation's farming sector, and reduce the federal budget decicit by as much as $25 billion. His provocative arguments are sure to become required reading on U.S. farm policy.
Preview added to your library

The High Cost of Farm Welfare

Cato Institute, January 1989
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( 0 customer ratings)

eBook Information

Imprint: Cato Institute
ISBN: 9781937184056
Language:  English
Download options: Adobe DRM EPUB

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