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Friday, October 07, 2005

Financial Times: US Set to Reconsider Agricultural Subsidies

Is this the end of farm subsidies?

US set to reconsider agricultural subsidies, Financial Times: The US administration on Thursday said the country needed to “think beyond the boundaries of current farm policy” in a sign that it was prepared to reconsider decades of reliance on direct agricultural subsidies for its farmers. The comments, made by US agriculture secretary Mike Johanns, are the first clear sign that the US is preparing to make a case to lawmakers and the country’s powerful farm lobby that the US may need to remove trade-distorting subsidies that make the US vulnerable to legal challenge in the World Trade Organisation. ... he suggested that the administration would push for ... environmental programmes and income support for smaller farmers. Such a move could help shield farm programmes from legal challenge in the World Trade Organisation... Mr Johanns said: ... “We have a choice. We can sit back and watch as our farm policy is disassembled piece by piece or we can begin a discussion about how to craft farm policy that provides low-risk, meaningful safety net for our farmers and ranchers.”...

Saying you need to think about something is a long way from eliminating farm subsidies. I'm not holding my breath.

    Posted by on Friday, October 7, 2005 at 12:16 AM in Economics, Policy, Politics | Permalink  TrackBack (1)  Comments (6)

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    Tracked on Sunday, October 09, 2005 at 02:48 PM


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