12:12PM
Chart of the day: Why US ag subsidies are going away
Tuesday, July 10, 2012 at 12:12PM 
From an Economist story about how Congress will eventually dismantle the ag subsidies long distributed to US farmers and ag corps.
Tuesday, July 10, 2012 at 12:12 PM
Tuesday, July 10, 2012 at 12:12PM References (1)
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Source: Agriculture: Boondoggle harvest
Reader Comments (2)
Does the "government payments" category include ethanol subsidies and mandatory ethanol-usage laws?
Tom,
Good luck on trying to get the southern law makers give up that power. Sugar and cotton subsidies will be the last to go, if at all. The South may have lost the Civil War, but have won every battle since. Corporate interests will have a lot of influence in the matter as well.
I concur that there has never been a better time to push for subsidy reform, but I've been watching this issue my entire ag banking career and as you know, the intrenchment of that money and power is DEEP.
There is new legislation being seriously floated on the dairy side that includes supply management, which is totally backwards during a time where 3 billion new capitalists have joined the global economy.