Any subsidy distorts the economy. Subsidies take money from people and redistribute it to the politically connected. The chart shows how that works. What it doesn't show is that the subsidies benefit big agribusinesses (the ones that can afford to lobby) at the expense of smaller farmers.
Foreign farmers are a bugbear. Why should we be afraid of imported food? Do we think the USA is going to come under siege and have to rely entirely on home-grown food for long periods of time?
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zvi and
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Date: 2010-03-11 05:22 pm (UTC)Foreign farmers are a bugbear. Why should we be afraid of imported food? Do we think the USA is going to come under siege and have to rely entirely on home-grown food for long periods of time?