The price of a hamburger would go up about a nickel. The price of a loaf of bread would go up about a penny.
Direct payments on a bushel of corn are about 50 cents. Corn is currently at over $6.50 bushel, but it was under $4 last year and I didn't see all the grain farmers going bankrupt.
If the subsidies ended today, I think we would see grain and meat prices go up a bit to compensate, but I don't think there would be any gloom and doom.
The only unknown is how it would effect exports. Without the subsidies, US products are more expensive in the eyes of other countries, but the way things are going with the value of the dollar, it probably won't make much difference.
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Today's Featured Article - Show Coverage: Central Illinois Strawberry Festival - by Cindy Ladage and Janna Seiz. Every year the coming of summer is highlighted by different events for different people. For some, it is heralded with the end of school, tilling the garden, or completion of the planting season. To us, connoisseurs of find food, antique tractors, farm toys, crafts, and downright fun, the annual Strawberry Festival means summer is here. Every year, in Carlinville, Illinois, the Macoupin County Historical Society and the Macoupin Agricultural Antique Association team up to fill th
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