Friedberg asks how to fix agriculture so farmers can earn a living without government checks.
“Do think we have a path to fixing agriculture in this country? And how do we get farmers back on track where they can earn a living without requiring checks from the government?”
Friedberg reports majority of US farms lost money last year without federal support payments and bailouts.
“I've heard reports that the vast majority of US farms lost money. You're on the senate ag committee, which is why I'm asking this.”
Friedberg warns that subsidized services could create a spiral requiring more free offerings to offset inflation for those who can't afford rising costs.
“create a spiral where you need to offer more stuff for free to come up with a way to cover the cost of the inflation for people that can't afford things anymore.”