In this article, the author first traces the evolution of political economy perspectives since U.S. farm policy as we know it today was first established in the 1930s. He then discusses the preconditions for a change in the settled beliefs of citizens and policy makers about what U.S. farm policy should look like in the future. The article contains the author’s suggestions for farm policy reform based on a “sustainable agriculture vision” that is also compatible with a multifunctionality view of agriculture. Multifunctionality has been the basis of recent reforms of the European Union’s Common Agricultural Policy.