Farm Subsidies, Free Trade, and the Doha Round | The Heritage Foundation
Duffster in KY a quarter billion dollars sounds like a lot of annual farm subsidies in the world based on this 2007 article.
On a serious note are most people clueless on these facts?
I have benefitted from them over the years and do not say they all should be cut out. I expect if this was not the case then all farmers would be looking at value more than color.:thumbsup:
Massive Subsidies Worldwide
Subsidies supporting agriculture producers are significant and widespread. WTO members report average subsidies totaling more than $221 billion per year,
[1] a little more than 18 percent of global agricultural value added.
[2] Based on World Bank and WTO data, the EU and the U.S. each contributed a little more than a third of the total subsidies in 2001.
[3] A 2005 Cato Institute study indicates that farmers in Organisation for Economic Co-operation and Development (OECD) countries received $279 billion in some form of production support, or 30 percent of total farm income.
[4] U.S. farmers received $46.5 billion from the American government, or 18 percent of total U.S. farm income.
Duffster read the full article, especially The Price of Failure part near the end.