A New Deal law ended the free-for-all on the overgrazed public range, then hardened into a permanent below-market subsidy. The episode traces the Taylor Grazing Act of 1934 through the birth of the Bureau of Land Management to a grazing fee far below the private rate, and states the permittee's case fairly.
The net size of the subsidy depends on how permittees' private costs are counted, and grazing is often overstated as a cause of the Dust Bowl, which came mainly from plowed farmland. The GAO figures are two decades old.



