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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (323781)	1/31/2007 3:16:15 PM
From: tejek	Read Replies (1) \| Respond to of 1574267

Re: "The Impacts of Free TradeWhile many of the arguments for NAFTA rested onassumptions around idealized free markets and theirbenefits, the reality on the ground has been rather differ-ent. Since Mexico began importing corn from the UnitedStates, Mexican producers have found themselves com-peting directly with U.S. producers selling at prices signif-icantly lower than those in Mexico. Low U.S. corn pricesset the international price because the U.S. is the largestproducer and exporter of the crop.25International cornprices are currently $1.74 a bushel and the latest U.S.Department of Agriculture figures show production costsat about $2.66 a bushel." In other words there is free or nearly free trade between the US and Mexico in corn (a good thing) but the US heavily subsidizes corn growing which distorts the market. If you read the article that I posted, you would see that compared to US farmers, Mexican farmers are highly inefficient. That is the bulk of the problem; and not the subsidies the US pays farmers not to grow corn.