Unfortunately the developed world created policies of huge farm subsidies. We have commented on the bad economic practices before: Washington Paying Out Money it Doesn’t Have – More Government Waste – Pork Sugar – USA Sugar Industry Tax on Consumers. Here is an interesting article on the benefits New Zealand has enjoyed by eliminated that bad practice. Farming without subsidies? Some lessons from New Zealand:
Removing subsidies, on the other hand, forces farmers and farm-related industries to become more efficient, to diversify, to follow and anticipate the market. It gives farmers more independence, and gains them more respect. It leaves more government money to pay for other types of social services, like education and health care.
Related: New Zealand’s hardy farm spirit
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The overall ranking for 2007: 1. Singapore 2. New Zealand 3. United States…
I don’t mind a few $Billion even (quite a lot of money) to be invested in research on biofules but just creating a massive payment, taxation and regulation scheme to funnel money to special interests is not a good idea.
few politicians in the USA have even a basic understanding of science and the scientific method. And a very small percentage have any advanced degrees in science and engineering fields…