President Trump’s recent 2020 budget proposal includes a 15% cut to the Agriculture Department, drawn largely from farm subsidies. While this proposed cut has drawn the ire of farmers and the politicians they elect, there should be two groups uniting around this proposal: self-described ethical eaters and fiscal conservatives.
Farm subsidies are the nation’s largest corporate welfare program, consuming more than $20 billion of the annual federal budget. Roughly 39% of our country’s 2.1 million farms receive subsidies. That $20 billion may seem like a small drop in the bucket of a proposed fiscal 2020 budget that will be just under $5 trillion, but when close to one-third of federal spending consists of programs with budgets of $25 billion or less, the dollars add up quickly.
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