CURBING AGRICULTURAL SUBSIDIES TO OPEN INTERNATIONAL MARKETS
As Congress begins drafting and debating the next farm bill, policymakers should recognize how subsidies hurt farmers and ranchers and undermine trade liberalization which has boosted the fortunes of America’s agricultural sector.
"Over the last two years, free trade has been unfairly maligned by politicians on both the left and the right." Winning politically, possibly, in truth case for trade liberalization, particularly agricultural trade, remains as strong as ever. American farmers, ranchers and consumers benefit from trade liberalization not only because the U.S. is a net exporter of agricultural products but also because imports allow U.S. consumers to access unique foreign or otherwise seasonal agricultural products year round. While the U.S. negotiates (or renegotiates) trade deals, Congress is also beginning to the nation’s next farm bill. Subsidies distort agricultural market and ultimately undermine free trade as a result hurting American farmers, ranchers and consumers.