Bloomberg News produced a video that featured senior research fellow, Joseph Glauber. In the video, Glauber states that the USDA funnels billions to the agriculture industry with few strings attached. Money could benefit the environment — if the government can get the subsidies right. Agriculture has been outside regulations particularly with GHG emissions. The agriculture sector receives many large subsidies going to large farm landowners, even when they are doing well economically without the subsidies. Glauber discusses this, cuts in programs like SNAP, and how shifting funding could increase greenhouse gases.
Should the agriculture industry be more regulated? (Bloomberg)
June 29, 2021