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Al Dykes wrote:
For "farmers" substitute "ADM, Inc" ("Archer Daniels Midland"), far and away the single biggest beneficiary of the subsidies, and a huge campaign donor to both parties. See Cato Institute's "Archer Daniels Midland: A Case Study In Corporate Welfare" http://www.cato.org/pubs/pas/pa241es.html Cato describes itself as a conserviative think tank, which they indeed are. ADM has been CONVICTED AND FINED in what was at the time the biggest antitrust fine in history. Corn-related in that there is a byproduct of corn-ethanol production a valuable industrial byproduct; Lecithin. Because of the subsidies ADM was able to produce and lecithin for free, and undercut all the competition. Actually, I think there are three primary companies farmers sell their crops to. ADM is one, the names of the other two elude me at the moment. Big agribusiness companies that increasingly, don't even own the huge amount of land they "farm". The farmer owns the land, takes all the risks in producing the crop, then hands it over to company. No shopping around for a best price. Farming: It's a tough business! SMH |
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