h1

Ag subsidies revisited

March 24, 2011

Over at The American Prospect, Monica Potts has written one of the clearest and most concise summaries of what a progressive view on U.S. agricultural subsidies should take into account. This is a topic I’ve written about before on this blog, in reference to an excellent University of Tennessee report from 2003. Potts gives a brief historical outline and discusses why the debate should be about reforming subsidies rather than eliminating them:

Sometime between Fast Food Nation and Food, Inc., progressives arrived at the simplistic conclusion that crop subsidies are bad for the environment and our health, and we need to end them. But crop subsidies were established for a real reason. The market for items like corn, wheat, soybeans, and cotton — all nonperishable foods — have serious problems that subsidies were designed to address. The reasons for subsidizing these crops are complicated, but they boil down to this: You can’t trust the forces of supply and demand to set stable, fair prices.

I have little to add, just wanted to highlight this as a very well-written summary of the issues at hand. Worth reading the whole thing – and if your interest is piqued, so is the Tennessee document.

And yes, I owe a lot of attention to a couple of recent commenters – you are not being overlooked.

Flying Whale

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: