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De Omnibus Dubitandum - Lux Veritas

Tuesday, November 6, 2012

No Farm Bill: Just Food and Tax Inflation

By Dennis T. Avery - Posted on by CGFI

 “Congress has failed to  put in place a farm bill for the first time in more than 60 years,” says a reporter for station WBNG in New York State.  U. S. Secretary of Agriculture, Tom Vilsack, debates this however: “President Obama has a strong record of supporting America’s farmers, ranchers, and rural America. Today, agriculture is thriving. . . . Today there is a record amount of biofuel production. The administration recently announced new renewable fuel standard targets that will increase biodiesel production. . . . And he has increased the amount of ethanol that can be blended into gasoline.”

That’s not a farm bill. That’s a costly, short-sighted biofuels policy. There are far fewer corn/soybean farmers in America than livestock, poultry, and dairy farmers. At $7–8 per bushel of corn, the livestock farmers can’t afford to feed their animals—unless meat and milk prices rise to gouge consumers even more severely. …. To Read More

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