Will they return the money?
Today’s New York Times reports that the ethanol boom, among other reasons, is driving up the price of farmland, particularly in corn-growing areas of states like Iowa.
Good thing we’ve subsidized agriculture to the tune of $164.7 billion from 1995 to 2005. Click here to get the searchable database of farm subsidies by almost every imaginable category.
And to address the story’s point more directly, farmers in Iowa have received corn subsidies of $9.9 billion during the same period.