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An Essay on Farm Income

1er octobre 2008

"The perpetually low income of farmers has kept agricultural economists busy for
most of the twentieth century. Policy after policy has been tried, rejected, then tried
again in an attempt to solve the farm income problem. Ever since the New Deal, we have
had price supports at various levels for many farm products. Since the Kennedy years,
we have supplemented relatively low price supports with direct payments to farmers. All
the while, supply control has been attached to most farm bills in one form or another.
None of this has provided a lasting solution to the problem of low farm income."