Posted by LAA on January 01, 2013 at 19:34:28 from (86.51.147.113):
In Reply to: Re: Farm Bill, Pic posted by dboll on January 01, 2013 at 18:08:15:
Well, you inadvertently answered your own argument, corn was subsidized by the loan rate which kept the price from bottoming out which in turn kept some percentage of inefficient farmers in business who otherwise would have failed and went bankrupt, low prices would have led to less corn being planted in the coming years until the market absorbed the surplus and it was profitable again. There is an endless stream of historical proof that government meddling in any business, especially agriculture, never works, when winners are created artificially someone else pays, period. Farming is a business, not a romanticized journey down memory lane.
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