Farm subsidies, those direct payments and price supports for farmers, are Just a fraction of the total cost of the farm bill, but they generate all the controversy.
Get rid of farm subsidies. Make these farmers compete in the world market. These farmers generally hate the government but when it comes to subsidies, they'll suck on that government teat as long as possible. Since they all profess the love of the "free market" so much, let them truly compete in a free market instead of acting like innocent victims who need protection of the government. Hypocrites.
Farmers had cheap prices for decades prior to the Great Depression. The New Deal fixed it with price floors (price supports,) and usually there were no subsidies, so it was like minimum wage, but set at "living wage" levels (1942-1952). Tom Cobern says we can't have price floors if we want to "compete," so what he's saying is that, to be competitive, the US must lose money on farm exports, as we have done (for a sum of 8 major crops, below full costs in the market [not counting subsidies] every year 1981-2006, except 1996) (and on to 2014 for 5 of these crops, every year but 1, and for dairy, 1993-2014 & probably 2015, except 2007, which was a few pennies per gallon above zero). So Coburn would hurt US agriculture. He favors foreign agbiz buyers over farmers in his own state. He apparently talks to the minority of farmers who are Republican ideologues, who don't know that a farm markets "lack price responsiveness" (they don't self correct in free markets) on both the supply (farmer) and demand (consumer) sides. (Cf. Daryll E. Ray, "Are the five oft-cited reasons for farm programs actually symptoms of a more basic reason") So it's the free market that hurts global farmers, but that was fixed by New Deal minimum prices, (which congress reduced, 1953-1995, and eliminated, 1996-2018), not subidies. Subsidies were drastically reduced in the 2014 farm bill, but the free market continues to fail, & that's projected through 2026 by CBO. Cf. Daryll E. Ray, "Notice to Mali farmers: Forget subsidy levels; Focus on lack of policies to limit production" So we need to run farm programs like a business, with inventory management, so the US makes a profit on exports, instead of hurting these other farmers (Ray, "Agribusinesses practice inventory management, farmers should not (?)" Then no subsidies are needed.
When the government gives anyone a big pile of money, they go and spend that money out in the economy. That's not a valid economic reason for a subsidy. More money had to be taken out of the economy to provide the subsidy than the amount of the subsidy.
i dont stilc to one thing. why dont you. learn.to. pay. attentoin. farm subsid food is priced cheaper and oned byy corrupt whiute sourthn farmers. let good food be equal. not a requiered choice. everything has doubled in price.
Get rid of farm subsidies. Make these farmers compete in the world market. These farmers generally hate the government but when it comes to subsidies, they'll suck on that government teat as long as possible. Since they all profess the love of the "free market" so much, let them truly compete in a free market instead of acting like innocent victims who need protection of the government. Hypocrites.
This is actually far better quality reporting than I expected from Oklahoma. Well done.
Farmers had cheap prices for decades prior to the Great Depression. The New Deal fixed it with price floors (price supports,) and usually there were no subsidies, so it was like minimum wage, but set at "living wage" levels (1942-1952). Tom Cobern says we can't have price floors if we want to "compete," so what he's saying is that, to be competitive, the US must lose money on farm exports, as we have done (for a sum of 8 major crops, below full costs in the market [not counting subsidies] every year 1981-2006, except 1996) (and on to 2014 for 5 of these crops, every year but 1, and for dairy, 1993-2014 & probably 2015, except 2007, which was a few pennies per gallon above zero). So Coburn would hurt US agriculture. He favors foreign agbiz buyers over farmers in his own state. He apparently talks to the minority of farmers who are Republican ideologues, who don't know that a farm markets "lack price responsiveness" (they don't self correct in free markets) on both the supply (farmer) and demand (consumer) sides. (Cf. Daryll E. Ray, "Are the five oft-cited reasons for farm programs actually symptoms of a more basic reason") So it's the free market that hurts global farmers, but that was fixed by New Deal minimum prices, (which congress reduced, 1953-1995, and eliminated, 1996-2018), not subidies. Subsidies were drastically reduced in the 2014 farm bill, but the free market continues to fail, & that's projected through 2026 by CBO. Cf. Daryll E. Ray, "Notice to Mali farmers: Forget subsidy levels; Focus on lack of policies to limit production" So we need to run farm programs like a business, with inventory management, so the US makes a profit on exports, instead of hurting these other farmers (Ray, "Agribusinesses practice inventory management,
farmers should not (?)" Then no subsidies are needed.
When the government gives anyone a big pile of money, they go and spend that money out in the economy. That's not a valid economic reason for a subsidy. More money had to be taken out of the economy to provide the subsidy than the amount of the subsidy.
i dont stilc to one thing. why dont you. learn.to. pay. attentoin. farm subsid food is priced cheaper and oned byy corrupt whiute sourthn farmers. let good food be equal. not a requiered choice. everything has doubled in price.