Wednesday, January 31, 2007

Farm Subsidies

When President Bush in his State of the Union speech declared that, “We must continue investing in new methods of producing ethanol,” I wondered how much he was thinking about investing because earlier in the month President Bush declared on reducing the budget deficit in the next five years.

Well, ironically enough, according to Reuters (via The Washington Post) the U.S. will be cutting back on farm subsidies – except for ones that could produce ethanol. Personally I've always disliked any and all farm subsidies. With this news though of the President’s subsidy cuts not really cutting, but probably shifting funds more towards the production of ethanol, I think it’s time I started investing in my friend’s corn fields…now.
Post a Comment