4 ms·
It seems to me that if the point (or at least part of it) of government farm policy is to produce oversupply, you could argue that they set up subsidies to favo
by PorterDuff 7y ago
It seems to me that if the point (or at least part of it) of government farm policy is to produce oversupply, you could argue that they set up subsidies to favor small operators.
A large quantity of small farms, with slightly different approaches to problems, slightly different crops, different sources of financing, local ownership sounds like it might be more reliable in the long run. Admittedly, the efficiency of the system would suffer a bit.
- saalweachter 7y agoYou're mostly hedging against weather. One region gets flooded or hit by a drought, and then produces essentially nothing. So you want N+M regional redundancy, where you can lose the output of M regions and the remaining N can produce enough for the whole.