Farm Subsidies and Food Stamps Won’t Fix High Grocery Prices. Innovation Will.

Source: Reason
by Veronique de Rugy

“Turkey prices are soaring this Thanksgiving, and that’s just the tip of the iceberg. With food prices helping to drive inflation to a 40-year high, Americans are feeling the heat at grocery stores and during family dinners. It’s in this context that Congress is about to consider yet another farm bill, a massive piece of legislation that allegedly is key to ending hunger in America with farm subsidies and food stamps. Good luck with that. Subsidies and government handouts aren’t the way to increase food abundance. This happy outcome instead requires innovation and entrepreneurial creativity.” (11/10/22)