soybean subsidy

Understanding the Farm Bill: Who Benefits From the Current Commodity Programs?

In my last Farm Bill post, I wrote about the argument for directly subsidizing agricultural production: farm income is erratic, and in order to keep farmers in the business of supplying the food and fiber we all need, they must be guaranteed an adequate income. Under the current system, farmers are given direct payments simply for growing an eligible crop, such as corn or soybeans. In years when prices fall below the target price for a particular crop, they also receive countercyclical payments. 

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