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United States Agricultural Subsidies

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PRESENTATION OUTLINE

UNITED STATES AGRICULTURAL SUBSIDIES

BY: COLE SANDERS, ROBERT SANTOS, AND ANTHONY PIRAYO
Photo by Jyrki Salmi

BACKGROUND

  • United States subsidiation of the farming industry began after the great depression. (Mid 1920's-1930'S)
  • The goal was to protect the farmer's from going bankrupt.
  • First policies were made by the farm board, which fixed price floors for wheat and cotton.
  • Ended in a massive loss for U.S.
Photo by ...-Wink-...

HARMS

  • United States Government spends billions annually on the subsidization and stabilization.
  • With policies allowing farmers to get paid not to produce crops, this causes a discincentive for farmers to grow crops.
  • According to the Government Accountability office, in between 2007 and 2011 the government paid 3 million to farms that had produced no crops at all. This is also at a cost of billions of taxpayer dollars.
Photo by mdpai75

HARMS PT. 2

  • It is estimated that 20 billion dollars goes into agricultural subsidies every year.
  • Economist Vincent Smith found that the largest 15 percent of farm businesses receive more than 85 percent of all farm subsidies.
  • That hurt the global economy as well.

SOLUTION

  • If the United States Government were to deregulate the Agricultural industry, not only would the government save billions on tax cuts, but this would also allow for the farming industry to privatize, becoming more productive and more industrious without the intervention of the State.
  • A free market with less influence from the government would allow the farming industry to thrive without the expense of billions of tax dollars, but rather would be able to compete like any other industry in America.
Photo by HerryLawford