Deacon923
Scooter Banks
http://www.cato.org/publications/commentary/new-zealand-farmers-dont-want-subsidies
Upshot is New Zealand ended all ag subsidies years ago and their ag sector has done great.
Right here in the good ol' US of A, the same thing has happened to tobacco - price controls and subsidies removed, tobacco sector explodes. This is an old article but the trend is holding (at least until the Chinese stop smoking):
http://www.msnbc.msn.com/id/2504947.../us-tobacco-farming-bigger-ever/#.UAlfjWH2ZFo
These kinds of subsidies need to be real high on the list of cost cutting measures when Congress gets around to fixing our budget, as I am sure they will do any day now.
Upshot is New Zealand ended all ag subsidies years ago and their ag sector has done great.
Right here in the good ol' US of A, the same thing has happened to tobacco - price controls and subsidies removed, tobacco sector explodes. This is an old article but the trend is holding (at least until the Chinese stop smoking):
http://www.msnbc.msn.com/id/2504947.../us-tobacco-farming-bigger-ever/#.UAlfjWH2ZFo
These kinds of subsidies need to be real high on the list of cost cutting measures when Congress gets around to fixing our budget, as I am sure they will do any day now.