CAP REPORT: America Can’t Afford $5 Billion in Ineffective Agricultural Subsidies

Washington, D.C.–(ENEWSPF)–May 4, 2011. Billions of dollars in agricultural subsidies would be better spent on deficit reduction while also investing in a clean energy future in our rural communities, argues a new paper out today from the Center for American Progress’s Jake Caldwell. The report, “Bad Seeds: A Plan to Phase out the $5 Billion in ‘Direct Payment’ Agricultural Subsidies,” details how the current automatic subsidy payment program is outdated and tends to favor wealthier,…