Friday, July 17, 2009

Farm subsidies in the EU. What about the US?

"It is also a beneficiary of €1.59 million in farm subsidies from the European Union, which last year doled out more than €50 billion, $71 billion, from the largest agricultural aid program in the world, one that provides financing to a wide variety of recipients beyond the farmers who plow the soil — German gummy bear manufacturers, luxury cruise ship caterers and wealthy landowners ranging from Queen Elizabeth II of England to Prince Albert II of Monaco." (Thanks D.)

Long article on EU the aberration of agricultural subsidies in the NYT. Read it but note that the NYT should have included in the same article an concurrent analysis of the US farm bill which operates along similar principles.

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