Recently I came across an editorial analysis of the farm bills currently being legislated that began with a splenetic attack on its conservation reserve program and, in a non sequitur, ended with a relatively well-reasoned critique of the direct subsidies provided to growers of corn, wheat, soy, rice, and cotton. The arguments against these direct subsidies are plentiful, but this is the first time I've come across an argument against the conservation program.
Continue reading Conservation Reserve Program