A new report from the U.S. Government Accountability Office discusses the extent of farm subsidies in the US.
A few interesting bits:
Although, interestingly enough . . .
One of the things that can happen when there are so many over-lapping programs is that activities which appear to reduce risk may, in fact, do the opposite. For example, here is a paper by Keith Coble and colleagues from a few years back showing that hedging in the futures market - an activity long thought to reduce price risk - may actually increase risk when a farmer is enrolled in other insurance government programs.