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: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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