Friday, May 25, 2007

Farm Subsidies

TCS Daily has an interesting article entitled "Kiwi Fruit for America" which is an exposition of the consequences of New Zealand's elimination of farm subsidies decades ago. Definitely worth a read.


"A prosperous farm sector without government subsidies? Sounds too good to be true...sounds like a fairy tale. It's not. In 1985, New Zealand permanently eliminated 30 different agricultural production subsidies and export incentives. Over the past 20 years, as New Zealand's farms flourished without assistance, the opportunity cost to American consumers and taxpayers of U.S. farm programs has totaled more than $1.7 trillion."


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