Dairy Farmer Subsidies Fail to Meet Economic Scrutiny ; the Idea That Cows Make Open Fields Immune to Development Isn't Borne Out by Experience.

Summary


It would be more than a year before federal subsidies to smaller Eastern dairy farmers could be reduced or eliminated. Still, the Senate Agriculture Committee is already hearing criticism of the payments.

That criticism deserves attention, because it points out the problems inherent in subsidizing any product in a competitive market.

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Extract


Dairy Farmer Subsidies Fail to Meet Economic Scrutiny ; the Idea That Cows Make Open Fields Immune to Development Isn't Borne Out by Experience.

Those problems include keeping inefficient producers in business; creating more o...

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