Simple economic sense suggests regulations reduce productivity and slow economic growth. It only makes perfect sense that when federal regulations and taxes are removed, there will be more financial stability and lower prices for farmers and ranchers. These savings will be passed down to the consumer. When a country like China retaliates by refusing to purchase US farmers’ crops because of tariffs, the USDA simply writes checks to the affected farmers. This is done outside of Congressional approval. If a U.S. trade war does not include Texas, there would be no need for farm subsidies. Farm subsidies for 2019 were $22.5B.
Ultimately, the benefits of a low-regulation and trade deals that are exclusively beneficial to Texas agriculture will far outweigh any benefits from farm subsidies.
