News Formal

Breakingviews - U.S. farm aid bonanza is free market nightmare

  • 📰 Reuters
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 97%

Italia Notizia Notizia

From Breakingviews: Propping up the United States' struggling farms long-term just creates an unsustainable market imbalance. The government could help more by doing less, says Three_Guineas

Corn stalks are seen on Roger Hadley's corn and soybean farm in Woodburn, Indiana, U.S., October 16, 2020. REUTERS/Bing Guan

Agriculture was enjoying hefty handouts long before the coronavirus. Last year’s over $22 billion in promised aid, mostly to offset trade-war-related losses, was the highest in over a decade. In the previous five years, annual support averaged almost $12 billion, according to the U.S. Department of Agriculture, with the majority going to the wealthiest.

The U.S. government could also enlist policies that control supply – something farmers might support in the absence of further handouts. But these cause unsustainable distortions. For example, the Food and Agriculture Act of 1977’s dairy support resulted in the government amassing roughly 560 million pounds of cheese by 1981. And the Organization of the Petroleum Exporting Countries has discovered that raising prices by reducing supply can just invite new entrants.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Breakingviews Three_Guineas Isn’t that kind of like socialism ?

Breakingviews Three_Guineas Tax benefits recirculate through local economies buying goods paying wages and rent. Taxes move wealth from one place to another to correct temporary imbalances

Breakingviews Three_Guineas Corporate Socialism - GOP SenateGOP

Breakingviews Three_Guineas Less government more fun

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 2. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

The soon-to-be free Quibi free agents on the market for new jobs - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »

Stocks rebound from last week's sell-off, Dow jumps more than 300 pointsStocks jumped as markets tried to recover from a brutal week and month ahead of the U.S. presidential election. shut up CNBC Europe’s locking down, and we’re not gaining relief until Jan. But I guess things look promising 🧐 rebound hahahaha market is trash! on its way to a full collapse !
Fonte: CNBC - 🏆 12. / 72 Leggi di più »