Posted by MarkB_MI on February 09, 2009 at 17:58:08 from (216.234.100.14):
In Reply to: O/T Farm Subsidies posted by jhilyer on February 09, 2009 at 10:43:45:
The rationale behind farm subsidies is price stability. If you want to know what happens if you have true free-market agriculture, read "The Worst Hard Time", by Timothy Egan. It's a history of the Dust Bowl, which was brought about by a combination of poor farming practices and plummeting grain prices.
Of course, as soon as politics get involved the original purpose of any legislation is lost.
Farm subsidies have done a reasonably good job of keeping production up and prices stable. Farm subsidies have NOT preserved family farming, but that was never their intent.
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