Saturday, September 18, 2010

Things not taught in Public School

Buy the right house: Actually, that’s pretty much it. Federal farm subsidies are paid out to help keep farmers in business. The intention is to stabilize farmers’ income to counteract erratic weather and fluctuations on commodity prices. Unfortunately, the subsidies are notoriously mismanaged. In 2006, the Washington Post investigated the lax attitude surrounding the allocations of these funds. Surprisingly, the most egregious offenders were suburban McMansion dwellers. Reporters found that the cash payouts remained tied to the land-long after that land stopped being used for farming. The journalists also found realtors and developers advertising the subsidies as a selling point on lots and houses. In 2005, one area of Texas brought in $37 million in rice farm subsidies-most of it going to either non-farmers or farmers who no longer grew rice at all.

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