3 ms·
New Zeeland ended all agricultural subsidies in, IIRC, 1984. Seems to be working out pretty well for them. That being said, there certainly are good reasons to
by jabl 6y ago
New Zeeland ended all agricultural subsidies in, IIRC, 1984. Seems to be working out pretty well for them.
That being said, there certainly are good reasons to have rough food self sufficiency and resiliency for crisis situations, rather than going all the way with free trade and Ricardo's comparative advantage arguments.
I just hope the EU could direct it's farm subsidies to emphasize the environment, and not dump as much excess products on the world market, driving poor 3rd world farmers into bankruptcy.