Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (44023)	12/5/2000 5:15:48 PM
From: yard_man	Read Replies (1) \| Respond to of 436258

this is really a shame: >>No bill is uglier than the agriculture-funding legislation. The celebrated Freedom to Farm legislation of 1996 was supposed to phase out crop and dairy subsidies over five to seven years so that farmers could finally produce for the market rather than Uncle Sam. But that legislation has now been officially eviscerated. This year's $78 billion farm bill is by far the most expensive in history. Florida citrus and lime growers will get $58 million in payments; the famous wool and mohair subsidy has been resurrected, so that Vermont sheep herders will get $20 million in renewed handouts this year; apple and potato farmers get $138 million; Connecticut oystermen will get an emergency bailout; and the loan program for Florida sugar-plantation owners has been made more generous than ever. Aggrieved avocado farmers in California will now receive funds from a new tax on imported avocados. (The tax dollars generated from this tax "will be used to fund research and marketing campaigns in favor of avocado consumption.") The bill even allocates $1.6 billion over the next five years for increasing food-stamp payments, thus further eroding a key provision of the successful welfare-reform effort. << I feel sorry for the farmers. this kind of crap is great during a credit bubble, but when the bubble pops they lose big ...