The long-stalled farm bill, which represents nearly $1 trillion in spending over the next 10 years and passed on a rare bipartisan vote, 68 to 32, produced clear winners and losers. Over all, farmers fared far better than the poor.
The nearly 1,000-page bill, which President Obama is to sign at Michigan State University on Friday, among other things expanded crop insurance for farmers by $7 billion over a decade and created new subsidies for rice and peanut growers that would kick in when prices drop. But anti-hunger advocates said the bill would harm 850,000 American households, about 1.7 million people spread across 15 states, which would lose an average of $90 per month in benefits because of the cuts in the food stamp program.
How Bad Policy Gets Made
New York Times article: Senate Passes Long-Stalled Farm Bill, With Clear Winners and Losers
12/17/2021 01:47:05 am
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Author of Economics: The Remarkable Story of How the Economy Works