 |
|  |
 |
|  |
 |
|
Ramo
|
 |
Austin, Texas, USA
Oct 1999 time: 23:31
|
|
It's pretty simple, really. First of all, the world market, not the national market sets equilibrium prices. If the US gives money to wheat agribusinesses, they can afford to set their prices below equilibrium level, and drive, say, Bangladeshi wheat farmers out of business. It doesn't matter if they get more land, they'll still get more money from price supports and therefore are able to undercut third world peasants. Besides, the effect of such policies only serves to shift farming onto the most productive land so the difference in these businesses farming output isn't all that significant (well, actually, a lot of them wouldn't be solvent since they depend so much on welfare, so production would decrease substantially in the event of an elimination of agrisubsidies).
|
|
|  |
All times are GMT. The time now is 05:31. Apolyton Time is 00:31. |
top of page
|
| archivepost |
|
Forum Rules:
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
|
HTML code is ON
vB code is ON
Smilies are ON
[IMG] code is ON
|
|
|
|
|
|