Posted by paul on November 08, 2012 at 11:33:35 from (76.77.196.231):
In Reply to: Re: Farm subsidies posted by jackinok on November 08, 2012 at 10:30:34:
Very well said, Jack.
Was just pointing out where all this 'farmers paid to not harvest crops' stuff came from.
It was a well intentioned, but poorly thought out farm program from back in the 1970's.
Actually the problems started in the 1960s. The price of wheat shot up, world shortage, govt encouraged planting crops fencerow to fencerow, plow every available acre, grow more....
Farmers responded, and grew a lot more, and then Nixon put on the wheat embargo, and stopped shipments of wheat overseas.
And that was the start of modern USA ag's problems, the 1980's crash, hasty and poor farm subsidy programs, etc.
Then we almost got our feet under us, and Carter put the grain embargo on USSR, which took the legs out from under us again.
Current farm subsidies are not perfect, but they are sa lot better than they were back then. Hopefully they continue to improve, get smaller, and keep farmers farmiong without too much interference.
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