Wednesday, November 28, 2007

"Farm Paid"

An interesting Forbes article on farm subsidies and biofuels is here.

Excerpt:
But biofuel subsidies aren't really about the largely mythical Midwestern family farm. In the U.S., 80% of farm subsides go to massive agribusinesses like Archer Daniels Midland, General Mills, and Cargill. Biofuel subsidies give politicians the rare opportunity feed the maw of the agribusiness lobby while at the same time painting themselves "green" for the environmentally concerned voter. Perversely, biofuel subsidies harm both the environment and the hungry in poor nations. The sooner we stop this madness, the better off we all will be.

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