As a senator from Illinois, Obama loved the corn lobby, argues Emmanuel. But perhaps as president, Obama would be enjoy a broader base of support and not have to mollify the farm lobby? Then he’d push sensible economic policies?
Encourage Young People to Become Farmers: Obama will establish a new program to identify and train the next generation of farmers. He will also provide tax incentives to make it easier for new farmers to afford their first farm.
I realize that no politician would say this, but the fundamental problem in agriculture is that there are too many farmers. We prop up farms that should have gone out of business a long time ago for no good reason. Why on Earth would the federal government want to spend money encouraging people to go into an already over-staffed industry? Will we also have a program to encourage people to go into the typewriter-repair business?
Less egregiously, Obama proposes a $250,000 subsidy payment cap, but the White House is pushing for $200,000.