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Its common knowledge IMO, but you can certainly Google it. Agriculture is a near-perfect free market, so organizations and governments often destroy crops to ra
by Joof 11y ago
Its common knowledge IMO, but you can certainly Google it. Agriculture is a near-perfect free market, so organizations and governments often destroy crops to raise prices.
- pault 11y agoHow does government interference in a market make it near-perfectly free? The U.S. agriculture market is infamous as a source of government waste and pork barrel spending: http://www.economist.com/news/united-states/21643191-crop-prices-fall-farmers-grow-subsidies-instead-milking-taxpayers http://www.economist.com/news/united-states/21643191-crop-pr...
- Joof 11y agoSorry, perfectly competitive is the phrase I'm looking for.
- pault 11y agoI don't think that's correct either. Many of the crops grown in the american west wouldn't be profitable if it weren't for huge subsidies. In the most egregious cases Californian farmers have grown thirsty, low value crops while their counterparts in the Southeast were being paid to destroy them. https://mises.org/library/water-subsidies-and-shortages-american-west https://mises.org/library/water-subsidies-and-shortages-amer...