While I agree with some of Dr. Sumner's comments, I do believe there are some good rationals for farm subsides. Sumner said that there are no need for farm subsidies and that we only hold on to them because its what we have been doing for 75 years. Right now with prices being high I can understand it is hard to justify them but the agricultural sector would crumble if prices were drop dramatically for some reason and there were no subsidies. I just thought it was unrealistic to just so a flat "No." to there ever being any need for subsidies.
While I agree with some of Dr. Sumner's comments, I do believe there are some good rationals for farm subsides. Sumner said that there are no need for farm subsidies and that we only hold on to them because its what we have been doing for 75 years. Right now with prices being high I can understand it is hard to justify them but the agricultural sector would crumble if prices were drop dramatically for some reason and there were no subsidies. I just thought it was unrealistic to just so a flat "No." to there ever being any need for subsidies.
ReplyDelete