Monday, August 20, 2007
Down on the Farm
Dan McLaughlin, writing at the Mises Economics Blog, reiterates why state subsidized farms are not beneficial to society in a piece titled Farm Bill Follies.
A farm is a business, nothing more, nothing less. It’s reason for existence is to serve society, and the sign it is doing so is measured by its profitability.
Any business that cannot succeed without government support is unsound. It needs to change, to improve, to become more efficient, or get out of the business. Government support of inefficient producers in any industry only makes it more difficult for those who are efficient and trying to do it right. It also encourages special interests to fight for their share of the loot from the shakedown of taxpayers…