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They're mostly gone, but their existence had a very different cause: 'This basic system led to the infamous "butter mountains" and "wine lakes" of the 1980s, w
by manarth 11y ago
They're mostly gone, but their existence had a very different cause:
'This basic system led to the infamous "butter mountains" and "wine lakes" of the 1980s, with farmers being paid to produce goods for which there was no market.' [1]
This seems very different to the USA system, where according to the article: 'The profits from the raisins, often seized for no payment, are then used to pay the expenses of the committee or pay back farmers for their seized produce. In one recent year, $65,483,211 was made, although it was all spent, with none left over for farmers'.
[1] http://www.ecpa.eu/information-page/agriculture-today/common-agricultural-policy-cap http://www.ecpa.eu/information-page/agriculture-today/common...
- jrochkind1 11y agoThere are definitely other programs that are more like farmers being paid to produce goods for which there was no market. Although what's more common in the U.S. is farmers being paid to leave their fields fallow to avoid over-production. The raisin reserve model is unusual, but there are many ways in which the U.S. regulates/manipulates agricultural markets specifically.