So this is my first blog, and I cheated for a topic from my dear father, but I hope he is wise enough to agree that the cap on subsidies is a great idea. :)
This issue will be interesting to watch because the interests at stake clearly do not fall along Republican-Democrat lines, but it won't be rural states versus the populous ones, either. In fact, Senator Grassley of Iowa has signed onto the movement to put a cap on subsidies.
The legislators that will fight the effort will probably be from the Southeast where farmers plant sugar cane, tobacco, and rice and harvest your tax dollars. Processing sugar cane is a very labor-intensive undertaking, there's really no reason why producers in the U.S. should be in the business at all. Our misguided government policies make food more expensive for us at home, use up our scarce tax dollars in mandatory federal spending programs and disadvantage the world's poor by artificially lowering the price of our exports; the W.T.O. is totally justified in taking the U.S. and E.U. to the mat over the junk.
Capping the amount that the wealthiest receivers get is good economic sense, and should actually help the family farmer by making corporate agriculture less profitable. The Bush administration certainly has more credibility with farmers and rural-folk than the one on the other ticket, so let's hope Bush can make good on his plans to start ag subsidy reform.
These articles may be slightly dated, but contain good info:
http://www.opensecrets.org/pubs/cashingin_sugar/sugarindex.html (from the people at the Center for Responsive Politics)
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