Good article, I thought. That the Bush administration seems to want to return to the philosophy of the disastrous “Freedom to Farm Act” says a lot about their general lack of judgement and their inability to learn from experience.
Overall, a good use of the chicken industry as an example, but I think that the interest of major chicken players in low grain prices is somewhat overstated. Because there are so few major players, and because they do not sell “chickens on the hoof”, higher grain prices are very easily passed on to the consumer, leaving their profits untouched. It seems to me that the consumer bears the brunt of higher grain prices, in a myriad of food products. So saying that the farm subsidies go instead to corporate players would be also overstated. Still, current farm subsidies that are almost totally divorced from production limits or need do contribute to lower grain market prices.
Posted by JPetersmith on Jun 4, 2007 at 1:04 PM
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