Yes, you got that right! The Farmers, the Ag lobby, the welfare parasite all wrapped into one. A sign of hope has appeared in Washington or should we say inside the Trump Tower. No single lobby is more involved in corrupting the system than the farm lobby. They have their hands in pie, actually their whole arm is in the pie. For instance, ethanol, the greatest swindle on Americans ever, worse than child care credit.
Do you know that every gallon of gas consists of a minimum of 10% ethanol? Yeah, ethanol! Guess where if comes from? Right again!, CORN. Cotton subsidies are small potatoes to BIG CORN. We are talking about billions of dollars down the gas tank; and for what? Because some elitist tree hugger said corn in the tank will reduce carbon emissions. Really! We have a bridge to sell you too.
President-elect Donald Trump’s vow to “drain the swamp” in Washington could begin with the Agriculture Department. Federal aid to farmers is forecast by the Congressional Budget Office to soar to $19 billion in 2017. Farmers will receive twice as much of their income from handouts (25%) this year as they did in 2013, according to the USDA. Whoever Mr. Trump names as his agriculture secretary should target wasteful farm programs for spending cuts.
• Cotton. Incredibly, the U.S. government has paid $750 million to subsidize Brazilian cotton production since 2010.