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To: Constant Reader who wrote (14686)	6/11/2002 5:29:36 PM
From: jttmab	Read Replies (1) of 21057

Perhaps the EU is upset because our subsidies are less than the subsidies provided by the EU. Showdown on Subsidies House Vote on Farm Bill Carries Global Consequences By Paul Blustein and Dan Morgan Washington Post Staff Writers Thursday, May 2, 2002; Page E01 The farm bill that goes to the House floor for a final vote today is coming under attack from U.S. trading partners, with some experts warning that it could severely damage the economies of poor countries and set back the Bush administration's efforts to strike free-trade agreements. Compared with the old legislation, it drastically increases some federal subsidies to American farmers who grow crops such as wheat and soybeans, which compete in world markets against farm products from Australia, Brazil and other countries. Supporters say the measure is needed to stabilize the U.S. farm economy after years of depressed world commodity prices. But by giving American farmers no incentives to curtail their output at a time of slack global demand, the bill may depress prices worldwide for many products and hurt the most impoverished nations, according to the critics.......... "At a time when all developed countries have accepted the direction of farm support away from trade and production-distorting measures, the U.S. is doing an about turn and heading in the opposite direction," said Franz Fischler, the EU agriculture commissioner. "We cannot negotiate on the basis of 'Do as I say, not as I do.' " washingtonpost.com jttmab

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