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RHODEMAP-RI DEM FORUM TONIGHT: ‘Make Believe’ Economics Behind State’s Farmland Acquisition Scheme

FOR IMMEDIATE RELEASE: September 7, 2016
State Farmland-Grab Program Lacks Economic Basis

Could lead to reduced farmland values across the state

Providence, RI — The RI Center for Freedom & Prosperity will officially object the RI DEM proposed rules – that will allow the government’s environmental agency to acquire private farmland and resell it at a loss to others who will obey the state’s agenda – when its CEO speaks tonight at a public comment forum at the URI Graduate School of Oceanography.

With multiple concerns about property rights and local governmental sovereignty being infringed upon by this state program that was designed to advance a federal agenda, the Center’s comments, to be delivered by Mike Stenhouse, will focus on the economic non-sustainability of the proposed program, at the 5:30pm DEM meeting.

With government increasingly influencing and controlling the means of production through myriad tax-credit, loan, and direct subsidy schemes in a multitude of industries, this DEM farmland acquisition scheme, which will actually acquire and resell private property, is not based on any legitimate economic analysis – or any economic consideration at all – that the Center is aware of. Despite the fact that the state’s own Commerce Corporate demanded a ‘RhodeMapRI’ mandate be inserted into the DEM plan, no economic justification was provided.

“If the state of Rhode Island is truly concerned about preserving farmland and agricultural farming, it should develop policies that will make it easier and more profitable for every farmer by reducing excessive taxation and regulatory mandates,” suggested Stenhouse. “There are free-market alternatives that should be considered, as opposed to this obvious lurch towards centralized-planning and further government intervention in the private sector.”

Stenhouse, who earned an Economics degree from Harvard University, will make a number of economic observations as objections to a plan that he will say is based on ‘make believe economics’ and that could lead to adverse consequences for the state’s farmers and taxpayers.

The Center will release a more complete version of its economic analysis tomorrow, following the meeting.

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