Subsidies Prevent Farmers from Reaching Their Full Potential

American farmers and low-income families are understandably uneasy with the recent expiration of the farm bill, although the eventual passage of another iteration is all but assured.

Regardless, we should take a moment to ask what would happen if we repealed farm bill agricultural subsidies instead. 

The idea may sound fanciful. We’ve had farm subsidies for over 80 years; it’s hard to conceive of an agriculture industry without extensive government intervention. But we already have a good test case for what America’s farmland would look like without the farm bill: New Zealand...

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