Farm Subsidies: Little More Than Handouts to the Rich

President Trump's new budget sent a clear message on agricultural subsidies: The time has come for Congress to stop subsidizing wealthy farmers. The administration planted the seeds for next year's farm bill to scale back some of the federal government's largest corporate welfare programs by limiting crop insurance and commodity payments to farmers with Adjusted Gross Incomes of $500,000 or less and capping crop insurance subsidies at $40,000. This budget is a clear sign that this taxpayer-funded cash cow is no longer sacred.