I really don't believe food prices would change much if US crop subsidies disappeared. Farmers are naturally over optimistic: when grain or livestock prices go up someone always bids up the prices of inputs back to near break-even profitability; when prices fall farmers increase production to try to maintain their income. I don't see that changing as long as everyone and his brother wants to farm because you can't loose money farming.
40 Percent of the US corn crop goes into ethanol, that is more than now goes into food production. IMHO, crop subsidies are now for stabilizing farm income and to avoid another 1980's style farm crisis. Livestock producers don't get the same level of support. Crop subsidies actual work against livestock producers.
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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