Summed Up Nicely

Kim du Toit sums up Mr. Fu’s opinion on the Iowa business quite well.

Regarding farm subsidies: look, any business where you get to write of cat food for the family cats as a business expense is suspicious.  Let any business with multi-million dollar worth pay taxes on only $10,000 adjusted income and you will have issues.  Let ’em compete in an open market.  Frankly, America’s farmers are tough, resourceful, and business savvy.  They would not have survived to this point if they weren’t.  So drop the subsidies, let them compete, and they will end up making more money, even if they don’t see it that way just now.

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