At the end of the fiscal year, the current farm bill (which also governs federal food policy and covers some renewable energy programs) will expire. Government intervention creates substantial distortions in America’s agriculture. Conservatives believe Congress should scrap the 1930s-era subsidies and move towards Farmer Savings Accounts. The farm bill also presents an opportunity to address the food stamp program and market-distorting energy subsidies.
Conservatives should be aware that real reforms will not serve as the basis for the farm bill, rather the ideas promoted by the failed “super committee” will serve as its “foundation.” On the table are a minuscule 4% decrease at current levels, minor tweaks to existing programs, and new, costly government programs.