survival of the fattest:
"The United States had doled out $27 billion in federal subsidies to its `farmers' in the last fiscal year. That's Rs. 135,000 crores." Just the top 10 per cent of America's farm owners collared close to two-thirds of this largesse. That includes "multi-million dollar corporations".
(...) The needy farmers thus rescued include media baron Ted Turner, a Rockefeller and other assorted struggling billionaires. Turner is "one of the largest landowners" in the U.S.. He owns ranches in Montana, South Dakota and Florida. And his companies raked in $1,90,000. That's Rs. 95 lakhs. David Rockefeller, who owns a 3,000-acre farm, got $146,000. A modest Rs. 73 lakhs. He is a former Chase Manhattan Bank chairman and grandson of John D.
(...) There were at least 20 "Fortune 500" companies among yet other poor farmers pulled back from the brink. Including Chevron, Caterpillar, IBP and Archer Daniels Midland.
(...) These included, as the AP report written by John Kelly put it: "more than 1,200 universities and government farms, including state prisons". They got cash from programmes "touted by politicians as a way to prop up needy farmers. Subsidies also went to real estate developers and absentee landowners in big cities from Chicago to New York".
(...) Well, "63 per cent of the money went to the top 10 per cent of recipients". Many of whom "don't fit the image of the struggling family farm". In Iowa in 1998, I saw small holdings go bust that did fit the image of the struggling family farm. How did those families read their misfortune? Many felt they were victims of wasteful spending on welfare, affirmative action and immigrants. In truth, they were just squeezed out by big corporate farmers. Farm corporations who also held great control over input prices. And government subsidies. In fact, it all sounds a bit like home — only on a scale unthinkable in India. Top Indian business houses have plundered fertiliser subsidies worth thousands of crores of rupees for years. Of course, their amounts, crushing by Indian standards, look trifling next to the largesse doled out in the citadel of neo-liberal market economics.
(...) At the bottom end of this food chain, the average "real" farmer got about $16,000 each. These are perhaps the "needy" ones in the U.S.. And that's still Rs. 8 lakh per farmer. Compare that with the Indian small holder, relieved to have seen off another year when he's earned $80 from an acre.
(...) What happens if Africa, Latin America and Asia increase their share of world markets by just one percent? An Oxfam report says that 120 million people could beat the poverty trap. But that won't happen in the field of agriculture. Not while corporations — with billions of dollars of subsidies behind them — rule theworld.
(...) Lawmakers want to restrict "information about who receives federal farm subsidies". Why? Beats me.