The House approved a 1990 farm bill today that limits commodity subsidies, but not to the low levels sought by members criticizing agriculture spending.
Another flaw is that the commodity subsidies make no economic sense.
Lawmakers wrote the farm bill months earlier than its Oct. 1 deadline out of fear that the growing budget deficit would threaten the money available to raise the commodity subsidies.
This increase in commodity subsidies goes against the standard market approach.
According to her assessments, commodity subsidies would lead to overproduction and expensive land.
Yet the vast majority of farmers, the men and women who fit the Jeffersonian image, are ineligible for the big commodity subsidies.
Since 1995, Dsl Lamalfa Family Partnership has received payments totaling $4,909,450 in federal commodity subsidies.
In 1989, President Pérez put these neoliberal policies into effect, reducing social spending and many commodity subsidies, and removing longstanding price controls on many goods.
The Bush administration came out against the $171 billion House version of a farm bill today, saying it would give too much money to commodity subsidies and not enough to conservation efforts.
The 120-page plan was a blow to several farm state lawmakers who had argued for increased commodity subsidies.