ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Roshan KishoreSubscribe to Roshan Kishore

Reality of US Farm Subsidies

With the formation of the World Trade Organization in 1995, the United States farm subsidies had moved towards income support, reducing spending on price support measures. The explicit reason was that the WTO had held that the latter forms were more market distorting and had thus put limits on their spending. The new Farm Act 2014 has changed the orientation of farm spending in the opposite direction. Pricebased measures are back in focus, and the US seems less concerned about breaching its WTO limits.
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