Bush supports subsidy cuts for two reasons. One, he's already spent so much on his ongoing wars in Iraq and Afghanistan that he needs to find cuts where he can; and he's not willing to raise taxes or cut subsidies to oil giants (or ethanol makers, for that matter). In 2002 -- remember the surplus? -- Bush signed into law the most subsidy-heavy farm bill ever.

Two, he realizes that subsidies are blocking global trade treaties. Agribiz giants and other U.S. corporations have more to gain from ramming open markets in the developed world than they have to lose from subsidy cuts. Moreover, I bet Bush -- or at least his main ag man, former Archer Daniels Midland flack Chuck Conner -- understands that subsidies don't drive overproduction, and removing them won't stop it. Overproduction is driven by the lack of federal supply-management programs, as well as the rise of industrial agriculture in places like Brazil.

To me, that analysis remains intact. Incidentally, I was on a media conference call with above-mentioned Conner Wednesday. I found Archer Daniels Midland's man at the USDA an obnoxious presence. I saw bitter irony in the way he jawboned about "pro-market reform" in a time of "record- high farm income."

He never mentioned how the Bush administration's absurd, taxpayer-funded ethanol program -- about the most ham-fisted government intervention in the market on behalf of private interests I can think of -- actually caused the "record- high farm income" he's trumpeting. Nor did he mention that his former employer, Archer Daniels Midland, essentially engineered the ethanol program.

Nor did Conner mention how U.S. zeal to pry open foreign markets to U.S. goods has hammered farmers in the global south, contributing mightily to the food crisis now brewing there (such as in Mexico, where people are bracing for yet another tortilla-price hike -- a situation that benefits ADM directly).

I tried to squeeze all of this into a couple of blustery, angry questions directed at Conner. I didn't really succeed, but it was sort of fun to hear Conner dance around my questions with his "pro-market" platitudes.

If the current farm bill falls due to a Bush veto -- highly unlikely -- I won't shed a tear (though I will lament the loss of the conservation and community-food gains laid out in this post.)

Now that it seems likely to pass, I admit to savoring the idea that ADM's man at USDA will be annoyed.