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Corn Subsidies

ClassicRobert
Posts: 2,487
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12/30/2013 9:57:39 AM
Posted: 2 years ago
Is there any particular reason that these are still going on, other than the advocacy from the farmers? They unfairly skew the market to favor unhealthy foods, which is ridiculous. That being said, I like to be a little bit of an optimist, so I assume there must be some ultra-practical reason that I'm just missing entirely.
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16kadams
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12/30/2013 2:08:17 PM
Posted: 2 years ago
Ethanol. I bet its ethanol. I haven't looked into it, though.
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Cody_Franklin
Posts: 9,484
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12/30/2013 2:19:31 PM
Posted: 2 years ago
At 12/30/2013 9:57:39 AM, ClassicRobert wrote:
Is there any particular reason that these are still going on, other than the advocacy from the farmers? They unfairly skew the market to favor unhealthy foods, which is ridiculous. That being said, I like to be a little bit of an optimist, so I assume there must be some ultra-practical reason that I'm just missing entirely.

Well, it's not just farmers (which I would consider distinct from large "agribusinesses", who also benefit); there are also sugar lobbies, for instance: domestic producers tend not to be able to match the prices of cheap exporters abroad, so they lobby for a hefty tariff on sugar imports, which, while "protecting" domestic industry, drives the price of sugar high enough that corn [syrup] becomes a cheaper sweetener (and suddenly gains a new profitability, since it's a massive surplus of corn which results in the low prices used to publicly justify subsidies but which can also leave much of a crop otherwise unused).