From the Institute for Agriculture and Trade Policy: a study over 12 years assessing what the implications for different farm policy– designed “ensure fair prices from the marketplace, rather than relying on government payments when prices drop.”
Among many findings, the study found that: government payments for crops would have dropped from $152.2 billion to $56.4 billion during the period; the value of exports would have been $4.9 billion higher; and farmers and consumers would have benefited from more stable and predictable price signals than when excess speculation created enormous volatility in commodity futures markets.The alternative policy includes a combination of farmer-owned reserves, increased loan rates, set-asides, the elimination of direct payments and reduced reliance on other government payments.
And of course- farmers, taxpayers and consumers have been behind a reserve system for years. The article cites agribusiness as the consistent barrier. Wondering when consumer health is ever going to come before corporate industry and their profit.