Low prices triggered high subsidies in the US, not the reverse, as many believe.

May 9, 2015

Low prices triggered high subsidies in the US, not the reverse, as many believe. While some blame high US subsidies for low prices, the data clearly show the opposite: that higher and higher subsidies were authorized in response to lower and lower prices and incomes.

 

Source: "Why Are We in this Mess?" Rethinking US Agricultural Policy: Changing Course to Secure Farmer Livelihoods Worldwide, September 2003, 19

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