Common Agricultural Policy - nice earner for billionaires

[Art0ir]

sparkythecat said:

New Zealand got rid of farm subsidies years ago. Farmers diversified and started producing the stuff that consumers wanted, rather than farming the stuff that attracted the greatest subsidy.

http://www.huffingtonpost.com/mark-ross/farm-subsi...

Good read thanks.

[anonymous-user]

The subsidy is what prevents farmers from earning free market profits. Supermarket buyers know the cost of growing a crop and the subsidy received by the farmer. Their bids are calculated so that the subsidy is for the farmer to profit from and for the supermarket to buy below the cost of production