The Bluegrass Institute for Public Policy Solutions

View Original

The market, not agriculture bureaucrats, should decide winners and losers

Taxpayers should be concerned about this loan by the Kentucky Agriculture Finance Corp. not because, as the Lexington Herald-Leader states, "tobacco is subsidizing coal," but because state government should not be in the business of picking winners and losers in any industry.

Let the market determine -- without government loans (especially those to the politically influential) -- which ag-related businesses survive, which ones thrive and which ones don't make it at all.