5 ms·
Historically, governments would operate grains silos and be an intermediate purchaser, to control the cost of grain - keep it slightly higher in good years, and
by Qwertious 6y ago
Historically, governments would operate grains silos and be an intermediate purchaser, to control the cost of grain - keep it slightly higher in good years, and keep it stable in bad years by dipping into reserves.
IIRC a lot of countries were forced to abolish these price controls by the WTO, and then were screwed over when they got a bad harvest and poor people had no food.