This year’s Farm Bill calls for spending of $955 billion over 10 years and is 1,150 pages long.
And yes, some of that nearly $1 trillion does go to programs that help farmers. But not much of it.
Nearly 80% goes to fund the food stamp program, otherwise known by the more politically correct name of “Supplemental Nutrition Assistance Program” (SNAP) it was given in 2008.
Yet what’s most appalling about Farm Bill 2013 is how much it benefits dozens of large U.S. corporations, such as Wal-Mart Stores, Inc. (NYSE: WMT), Monsanto Co. (NYSE: MON), Kraft Foods Group Inc. (Nasdaq: KRFT) and Tyson Foods Inc. (NYSE: TSN).
Back in 2008, $173.5 million was spent on lobbying that year’s farm bill, most of it by corporations eager to ensure that their subsidy gravy train wouldn’t get derailed.
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