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by

Bruce A. Babcock

As many of you know, economists typically deliver one of two types of messages about farm policy. The first, from my more free market colleagues, focuses on the damage that government programs do to U.S. consumers and/or taxpayers. Free market economists advocate elimination of government intervention in the name of economic efficiency. The second type of message is from economists who look out for the financial interests of farmers. They use their expertise to develop policy proposals that will enhance farm income, with perhaps some attention paid to loss of economic efficiency.

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