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Ag subsidies seem to mainly stabilize price regimes. There would arguably be costs associated with increased risk of production if the subsidies were not in pla
by ArkyBeagle 12y ago
Ag subsidies seem to mainly stabilize price regimes. There would arguably be costs associated with increased risk of production if the subsidies were not in place.
They might be obsolete, but the fraction of people's time spent on food (both as producers and consumers ) continues to decline. It's also argued that the availability of abundant food is a legitimate public good.
Our levels of food security in the First World are recent. I doubt anyone from... say, 1850 would put food security in terms of a human right as we now do.
The irony is that petroleum products are an input into ethanol-corn production. How much I don't know; but the present subsidy regime nearly guarantees some measure of overproduction.