subsidies

0404_OPI_Johnson

Congress’ first step in long journey

  By Nicholas Johnson —-   Democrats and Republicans in Washington are seemingly suffering from ideological immobilization regarding the national debt. Republicans’ Grover Norquist famously said he’d like a government small enough that he “can drown it in the bathtub.” Republicans fear that if taxes are increased, the liberal tax-and-spend Democrats will just squander the [...]

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0224_OPI_Fisher

Heightened concern about business tax incentives

  By Peter S. Fisher —-   Headlines in last weekend’s editions of The Gazette say so much: l “State leaders didn’t do their homework” (Feb. 16 column by Jennifer Hemmingsen). l “State’s business lures don’t measure the net catch” (Feb. 17 Gazette Editorial Board editorial). l “Incentive cash down the drain?” (Feb. 17 front-page [...]

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Drought-stricken corn dries in a field near Swisher on Thursday, Aug. 30, 2012. Iowa remains in a severe to extreme drought, but crop insurance will cover losses and higher corn prices will make what is harvested even more valuable. (Liz Martin/The Gazette-KCRG)

Iowa corn, soybean losses from drought top $1 billion

Federally-subsidized crop insurance covered the losses

  Last summer and fall’s drought and heat wave caused losses in excess of $1 billion for Iowa’s corn and soybean farmers, according to figures reported Wednesday by the U.S. Department of Agriculture’s Risk Management Agency. Federally-subsidized crop insurance, administered by the USDA Risk Management Agency, covered the losses. The federal government subsidizes about 57 [...]

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0907_OPI_Hassebrook

Invest tax money in rural business, not mega-farm subsidies

By Chuck Hassebrook —-   When President Obama and Gov. Romney visit Iowa, they should tell us what they will do in the next 12 months on two critical rural issues: unlimited subsidies to mega farms and falling federal investment in the future of rural America. Both parties occasionally give lip service to these two [...]

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A tanker leaves the Tall Corn Ethanol plant after loading up with ethanol, Wednesday, May 24, 2006, in Coon Rapids, Iowa. Ethanol production in the United States is growing so rapidly that for the first time, farmers expect to sell as much corn this year to ethanol plants as they sell overseas. (AP Photo/Charlie Neibergall)

Deal reached to end federal ethanol subsidy

Senators pushing for deficit reduction; ethanol supporters worried about cellulosic ethanol 5

Key lawmakers in the U.S. Senate said Thursday they have reached an agreement to end two major ethanol supports by the end of the month but devote nearly $700 million to helping to develop next-generation biofuels. The lawmakers praised the deal, saying it would cut the deficit and lower dependence on foreign oil. A major [...]

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800px-Cornheap

Ethanol deal would end subsidies 7

Ed Tibbetts of the Quad-City Times reports on an apparent deal to end ethanol subsidies as we know them: Key lawmakers in the U.S. Senate said today they have reached an agreement to end two major ethanol supports by the end of the month but devote nearly $700 million to helping to develop next-generation biofuels. [...]

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(Glen Stubbe/Minneapolis Star Tribune/MCT)

A Prop for T-Paw 5

Today’s print column Iowa’s caucus campaign is at its best during those unplanned, non-packaged interactions that teach us a lot about candidates and voters. Sadly, they’re becoming rarer. And it’s at its worst when Iowa gets used merely as a set piece. That’s getting more and more common. That’s what Tim Pawlenty did this week. [...]

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Manipulating markets harmful to economy 2

By Michael Richards Open markets set price efficiently. If we let the free market operate, prices rise and fall based on real demand. When we manipulate markets through the political payback of subsidies and bailouts, there are always unintended consequences that can damage the entire economy. Once the market is disturbed though political market manipulation, [...]

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Monday’s political cartoon

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Meet the King Corn guys 10

Ian Cheney and Curt Ellis, “King Corn” filmmakers    All that corn being harvested this fall in Iowa, in one sense, isn’t even edible. In another sense, it’s ubiquitous in nearly everything we eat.    That irony is the theme behind the documentary, “King Corn” which was screened Thursday night at Christ Episcopal Church in [...]

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