Do we still have a food surplus?



  1. 0 Votes

    According to USA Today the U.S. food surpluses dried up in 2008. The article linked below gives the following reason:

    “U.S. government food surpluses have evaporated because, with record high prices, farmers are selling their crops on the open market, not handing them over to the government through traditional price-support programs that make up for deficiencies in market price.”

    Because the government is doing less to buy excess crops and thereby artificially establishing a low cost for crops and storing the excess, farmers are selling their excess crops themselves on the open market.

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