The Supreme Court says a program that lets the government take raisins away from farmers to help reduce supply and boost market prices is unconstitutional.
The justice said Monday that forcing raisin growers to give up part of their annual crop without full payment is an illegal confiscation of private property.
Read more at the Star Tribune
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Showing posts with label raisins. Show all posts
Showing posts with label raisins. Show all posts
Monday, June 22, 2015
Sunday, April 19, 2015
Shriveled grapes, shriveled liberty
In oral arguments Wednesday, the Supreme Court will hear the government defend its kleptocratic behavior while administering an indefensible law. The Agricultural Marketing Agreement Act of 1937 is among the measures by which New Dealers tried and failed to regulate and mandate America back to prosperity. Seventy-eight years later, it is the government’s reason for stealing Marvin and Laura Horne’s raisins.
New Dealers had bushels of theories, including this: In an economic depression, prices fall, so a recovery will occur when government compels prices to stabilize above where a free market would put them. So Franklin Delano Roosevelt’s “brains trust” produced “price stabilization” programs by which the government would fine-tune the supply of and demand for various commodities. In 1949, this regulatory itch was institutionalized in the Raisin Administrative Committee (RAC). Today it wants the Hornes to ante up about $700,000. They could instead have turned over more than 1 million pounds of raisins — at least four years of their production.
Read more at the Washington Post Read More......
New Dealers had bushels of theories, including this: In an economic depression, prices fall, so a recovery will occur when government compels prices to stabilize above where a free market would put them. So Franklin Delano Roosevelt’s “brains trust” produced “price stabilization” programs by which the government would fine-tune the supply of and demand for various commodities. In 1949, this regulatory itch was institutionalized in the Raisin Administrative Committee (RAC). Today it wants the Hornes to ante up about $700,000. They could instead have turned over more than 1 million pounds of raisins — at least four years of their production.
Read more at the Washington Post Read More......
Sunday, June 16, 2013
Avenging the raisins
Since the grim days of the Great Depression, raisin farmers in California’s fabled San Joaquin Valley have raised their grapes under a food-regulatory regime that forces them to hand over a portion of their crop to the government, often without getting anything for it. The U.S. Supreme Court took a step, a big one, on Monday to give raisins something to dance about.
Like many New Deal programs, raisin rationing was instituted under the foolish belief that manipulating the market to raise the price of raisins would make more money for the growers and improve the valley’s economic health. Hence, the Raisin Administrative Committee, a cartel that dictates how much of the crop will be taken each year to reduce supply.
Read more at the Washington Times Read More......
Like many New Deal programs, raisin rationing was instituted under the foolish belief that manipulating the market to raise the price of raisins would make more money for the growers and improve the valley’s economic health. Hence, the Raisin Administrative Committee, a cartel that dictates how much of the crop will be taken each year to reduce supply.
Read more at the Washington Times Read More......
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