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How Farmers Are Ripping Off American Taxpayers

Business  (tags: The Great Depression, Insurance, Congress, government spending, Agriculture, Sustainability News, Business News, Politics News )

- 969 days ago -
Federal crop insurance was a really good idea during the 1930s Dust Bowl, but now, "the program's become "a 21st-century crutch enabling affluent growers and financial institutions to thrive at taxpayer expense":

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Jonathan Smithsonian (4)
Monday September 9, 2013, 4:53 pm

Monday September 9, 2013, 5:15 pm
Thanks for posting Judy.

Alan Lambert (91)
Monday September 9, 2013, 7:01 pm
It's the large corporate farmers ripping us all off, the small farmers go by the following question:

How do you make a small fortune in farming?
Start with a large fortune.

Kit B. (276)
Monday September 9, 2013, 7:28 pm

Most of the small farmers will get just barely enough to cover the loss of seeds to flood or drought. The small farmers do not use irrigation, they depend on seasonal rain. The big ag companies will rake in the money and so will people that have just enough land for a horse, but not have no crops. Many are still raking in money to not grow crops. Rather than helping the small farmers this thing is giant boondoggle.

Judy C. (105)
Tuesday September 10, 2013, 6:08 am
This system certainly needs to change. We'd better not hold our breath, though, because big farm lobbyists and the insurance industry are keeping this going.

Kit B. (276)
Tuesday September 10, 2013, 8:52 am

Sure they are, Judy for them this is a lottery that always pays and just keeps giving.
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