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Given the colossal and uneven levels of subsidies in US agriculture, I'd be reluctant to draw any conclusions about what the market is willing to bear.
by jdietrich 8y ago
Given the colossal and uneven levels of subsidies in US agriculture, I'd be reluctant to draw any conclusions about what the market is willing to bear.
- Fjolsvith 8y agoThe farmers here in Kansas are crying because the subsidies are being cut right and left. It's going to shake up the agricultural market big time. Plus, all the grain storage facilities are still mostly full from last year and we're looking towards another bumper crop from all the rainfall this year.
- adventured 8y agoUS agriculture subsidies are not colossal in fact. They're about $20-$25 billion per year. They shouldn't exist at all ideally, however given the immense size of the US agriculture market, and how critical it is to keeping hundreds of millions of people alive, it's hardly a concerning sum. By contrast, EU farm subsidies in a smaller economy are three times that size. If the US farm subsidies are colossal, I'm not sure what you'd call 3x colossal.