Plowshares & Pork Barrels: The Political Economy of Agriculture
Agricultural subsidies in grains, cotton, milk, sugar, tobacco, honey, wool, and peanuts are analyzed in this examination of U.S. farm policy. Looking at such programs as food stamps, crop insurance, subsidized credit, trade credit, trade subsidies and import restrictions, conservation, agricultural research, and taxation, this historical perspective argues that these subsidies ultimately redistribute wealth to powerful agricultural interests who use their political clout to adv…
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This book defines the terms “perverse incentives” and “unintended consequences.” At virtually every turn, from subsidies and set-asides to tariffs and quotas, the authors show that U.S. agricultural policy is not only expensive and unproductive, but also economically damaging to farmers everywhere – domestic and foreign.
“Plowshares and Porkbarrels” is a must read for all who are concerned with the continued competitiveness of American industry, services, AND FARMING.