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Cato Podcast

The Incredible Expanding Farm Program

Cato Podcast

Cato Institute

Immigration, News, News Commentary, Peace, 424708, Markets, Government, Libertarian, Policy, Politics, Cato, Defense

4.5979 Ratings

🗓️ 25 July 2006

⏱️ 8 minutes

🧾️ Download transcript

Summary


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Transcript

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0:00.0

Welcome, I'm Anastasia Glova bringing you the Cato Daily Podcast.

0:04.0

Full and edited versions of our podcasts are available on our website at

0:08.0

W.W. Kato.org

0:11.0

The Livestock Compensation Program was started in 2002 as part of an emergency relief plan to help farmers affected by drought.

0:20.0

costing taxpayers $1.2 billion, the program began dolling out benefits to farmers completely

0:26.2

unaffected by disaster conditions, and then to people who weren't even farmers to begin with.

0:31.3

Cato Executive Vice President David Bowes comments.

0:35.0

What's the connection between the Shuttle Columbia disaster and farm programs?

0:39.0

Well you wouldn't think there would be any connection.

0:42.0

It doesn't sound like would be any connection.

0:42.6

It doesn't sound like it makes any sense, but in fact, there is.

0:45.6

Back in 2002, there was an election approaching

0:48.9

and the Bush administration decided they should do something

0:52.0

for farmers and

0:52.7

ranchers in states that had been hit by drought so they passed a program they

0:56.8

created a program they didn't go to congress they created a program to compensate

1:01.5

farmers and ranchers who had been hurt by drought.

1:04.0

And then all the farmers and ranchers who had not really been hurt by drought

1:07.0

started saying, oh, well, we'd like to them on this program.

1:10.0

And so they expanded and then Congress expanded it. And then they said, well, any presidential disaster declaration

1:16.0

will qualify.

1:17.6

And when the shuttle Columbia exploded over Texas, obviously there were a few people whose farms

...

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