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  1. The DispatchScott Lincicome12/15/2013 min
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    The Dispatch
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    • SEnkey3 years ago

      So, American farm subsidies strain the federal budget, line the pockets of relatively wealthy farmers, harm poor countries, fuel trade conflicts, and cause all sorts of economic, environmental, and political problems. They’re also unnecessary: New Zealand and Australia, for example, eliminated all or most of their farm supports decades ago and are still major global producers, and powerhouse Brazil is also on the lower side of the global subsidy ledger. There’s no reason to think that the United States—given our wealth, massive natural advantages, and sky-high agricultural productivity (see, e.g., U.S. crop yields across various categories)—couldn’t do the same. Indeed, New Zealand’s subsidy reforms actually helped its producers become more innovative and productive (funny how free market competition does that).