Nation's Oldest Taxpayer Group Supports Cap on Wasteful Farm Subsidy

(Alexandria, VA) – Today, the 362,000-member National Taxpayers Union (NTU) endorsed the “Rural America Preservation Act of 2012” introduced by Senator Chuck Grassley (R-IA). The legislation would limit the annual per-farm commodity subsidy to $250,000 a year, and close loopholes.

Currently, 10 percent of farmers receive 70 percent of farm program benefits – highlighting the departure of these subsidy programs from their intended purpose of “saving the family farm.” Making matters worse, the Department of Agriculture fails to ensure these taxpayer dollars are effectively delivered to those actually involved in farming.

“The farm subsidy system requires drastic reform, and Senator Grassley’s proposal is an important step in that effort,” said NTU Federal Affairs Manager Nan Swift. “Taxpayers are shelling out far too much money with insufficient oversight, leading to waste that is especially unconscionable in the midst of trillion-dollar deficits and an uncertain economy.”

Senator Grassley added: “With skyrocketing debt and an economy that continues to sputter, Congress needs to finally look out for the American taxpayer. This bill is a win-win for everybody. Not only does it save taxpayer dollars, but it’s also good for national security by ensuring that a safe and stable food supply will be available for years to come. Setting strict caps on all commodity programs should be a no-brainer as we look to find savings and increase accountability in farm programs.”

The 362,000-member NTU is a nonpartisan, nonprofit organization working for lower taxes, smaller government, and economic freedom at all levels. More information on NTU’s agricultural policy work, including a letter of support for Senator Grassley’s legislation, is available at www.ntu.org.