From today’s WSJ:
Peanut, cotton and rice farmers are big beneficiaries of price guarantees tucked into agriculture legislation under consideration on Capitol Hill. But another big winner may be producers of what is known as sticky rice, the kind used in sushi and other Asian dishes across America—and grown by a congressman who helped push for the provision.
The federal subsidy in the House bill guarantees farmers of Japonica Rice that if market prices drop below 115% of the average price of all types of rice, they will get a government payment to make up the difference. Japonica is the formal name for medium- and short-grain rice strains commonly called sticky rice.
Pretty ridiculous, isn’t it? Our politicians only care about themselves. There are no statesmen.