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 - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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