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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Kirk © who wrote (6458)8/6/1998 5:44:00 PM
From: Alan Whirlwind  Read Replies (1) of 42834
 
Kirk,

As a long time farmer I can tell you that subsidies are gradually being eliminated. And to tell you the truth, a lot of farm subsidy money went into the pockets of tax write-off city folk and big wheels who wouldn't know fertilizer from Ralph Acampora. Farmers are subject to commodity price swings that wipe them out in cycles, thus subsidies to keep things stable. Of course the programs were a boondoggle in many cases. In Wisconsin, taxes on farm land soared in 1970's and '80's much faster than people in town saw. So my impression was that we were subsidizing the city folk for awhile ourselves.

If we ever see a decade of weather like the 1930's again, a lot of people will long for the days of subsidies when they could afford to eat. Food prices would climb ten-fold. --Alan
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