Under the slogan, “American Boondoggle,” American Enterprise Institute’s Henry Olsen and Vincent Smith of Montana State University discuss the problems with the Farm Bill, up for renewal in 2012. They note that current farm policy consists of an array of subsidies, regulations, spending programs, and land-use restrictions that are widely blamed for the increased cost of food, environmental degradation, fiscal burdens, and the failure of global trade negotiations--policies that cost American taxpayers $307 billion in 2008.