Still, dairy price supports
were targeted for extinction in 1985.
However, some industry claim the price supports
have impeded dairy exports, distorted domestic markets and constrained dairy product innovation.
The one thing the price supports
never take into account is increased crop and fuel prices, and we were seeing those at the same time the financial crash took place last fall.
Ordinarily, dairy farmers who go out of business despite the availability of federal price supports
would be regarded as unfortunate but ultimately necessary casualties of the impersonal workings of a relatively free market: Eventually, fewer producers would mean a lower volume of dairy products, resulting in higher prices for those who survive.
According to the Heritage Foundation, a conservative think tank, agricultural price supports
cost American consumers about $27 billion a year by making food more expensive.
For example, he said, "[T]he government could set a price at which it would buy unused vaccines, similar to the way agricultural price supports
In 2002, Bush signed into law a farm bill that earmarked billions of dollars in subsidies and price supports
At the last moment the price supports
were reportedly dropped from the omnibus federal energy bill conference committee final recommendations in mid-November.
597) includes gas price supports
for the owners of the Alaskan natural gas: BP, ExxonMobil and ConocoPhillips.
On Farm Policy: Each week, DTN's On Farm Policy provides in-depth coverage and discussion of everything from exports to price supports
, as presented by the nation's leading economists, USDA officials and commodity organization representatives.
and payments based on output accounted for three quarters of this sum, but a number of ad hoc emergency packages - which are theoretically less trade-distorting - risked generating expectations of continued support which could alter future production decisions, the OECD said.
Pressures to curb price supports
are rising ahead of the next round of multilateral trade negotiations scheduled by the WTO from next year.