May 26, 2007

Life without farm subsidies

Here is an interesting article about the successful elimination of agricultural subsidies and price controls in New Zealand. An excerpt:
The New Zealand experience strongly suggests that most of the supposed objectives of agricultural subsidies and market protections—to maintain a traditional countryside, protect the environment, ensure food security, combat food scarcity, support family farms and slow the corporate take-over of agriculture—are better achieved by their absence.

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