Sunday, June 24, 2007

The end of civilization as we know it...

The possibility of a different kind of farm program has moved some legislators to near hysteria.
"It's a threat to rural America. It's a threat to every consumer - a threat to the nutrition of the whole, entire world," said Rep. Frank Lucas, R-Okla.

In case someone missed his point, he later added, "It is a threat to everyone, a real physical threat."

How so? Another committee member suggested that Kind's bill could triple the price of breakfast cereal. Another lawmaker predicted the legislation would lead to a "vastly consolidated world of agriculture production." [More]

Oh, puleeze - pretty much the rest of the universe knows subsidized commodity prices have little effect on food prices. In fact, the NCGA is bragging about it. In fairness, milk and sugar prices could be significantly lower without current policy, but obviously Rep. Lucas is unaware of how those programs work.

The idea my $24/A payment controls my destiny is embarrassingly ludicrous. Seems to me we're consolidating pretty vigorously even as we speak under current policy. And the pennies worth of grain in cereal is dwarfed by say, the latest advertising campaign.

Do the math, for Pete's sake.

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