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Farm commodity programs: essential safety net or corporate welfare?


, : Farm commodity programs: essential safety net or corporate welfare?. Agricultural policy for the 21st century: 1-34

This chapter explores whether US farm commodity programmes contribute to well-being of people by serving economic equity, efficiency, and freedom. It also examines whether commodity programmes cost-effectively alleviate economic instability, environmental degradation, cash-flow squeeze, family farm loss, and other farm problems. The conclusion of this chapter is that commodity programmes, whatever virtue they once may have had, no longer serve their intended economic objectives.

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