The latest edition of the OECD’s annual report entitled Agricultural Policy Monitoring and Evaluation highlights an important problem but undermines the solution. The report notes that 54 countries provide over a half billion dollars annually in subsidies to farmers. It correctly asserts that the subsidies are market distorting, though it overstates some of the specific harms. For example, it concurrently states that the subsidies increase the income gap between smaller farmers and larger ones, and yet it reduces the competitiveness of the food industry overall. This argument flies in the face of the principle of economies of scale. However, the greatest harm done by the report is its failure to include border measures in its calcula...