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Where beets are grown in MN and ND is actually some of the best land in the country. Sugar beet subsidies are an even bigger boondoggle than corn. As the beet w
by rdouble 13y ago
Where beets are grown in MN and ND is actually some of the best land in the country. Sugar beet subsidies are an even bigger boondoggle than corn. As the beet welfare queens retire or die off their land is generally bought out by a larger concern and switched over to another cash crop like GMO free soybeans for the Japanese market.
- tanzam75 13y agoIf you were being paid more money to grow beets on land that could support soybeans, why wouldn't you grow beets? It's economically rational to the farmer who's getting subsidies -- even though it's economically irrational for the world as a whole. Subsidies distort the market, and produce completely illogical results. You can't get rid of just one subsidy, because that just gives an advantage to the next-most-subsidized item. But remove all the subsidies, and things will return to an economically-rational state of affairs.
- gohrt 13y ago> You can't get rid of just one subsidy, because that just gives an advantage to the next-most-subsidized item. If the total amount of subsidy $ is reduced, it will be an improvement.