Pros And Cons Of Farm Subsidies

Farm subsidies serve as a supplemental income to American farmers. It provides farmers in the United States the opportunity to compete with farmers around the globe in terms of farm products such as Wheat, Corn, Soybeans, Cotton, and rice. Farm subsidies help farmers to negate their risk of unpredictable weather, price fluctuation, unfavorable exchange rate, and much more. Farm subsidies help ensure the United States keeps its trade surplus edge over its trading partners by reducing our food product import (Cite).
Farm subsidies help U.S. department of agriculture to control prices and manage the supply. This ensures farmers always gets fair value for their product, especially during bad weather season. Also, for American farmers to compete fairly with their foreign counterpart,
 Farm subsidies help prevent food spike low: Farm subsidies help prevent price spike in farm product.

Cons of farm subsidies:
Farm subsidies serve as welfare for well-off farm owners such as David Rockefeller and Edgar Bronfman. Farm subsidies transfer earnings from average taxpaying citizens to farmers that are millionaires. It argued that farm subsidies damage the economy by discouraging farmers efficiency and making it difficult for small farmers to compete.
Farm subsidies encourage farmers in the United State to focus solely on farm produce with subsidies such as Corn, which in turn avoids diversification of farmer products. As a result, Corn subsidy allows farmers in the U.S. to sell their corn below their production cost.
In most industries, market prices are determined by demand and supply. This tends to encourage efficiency and fair trade balance. US government subsidies to their farmers create an unfair market for foreign farmers to compete.
 It hurts agricultural businesses growing produce not covered by subsidies
 Contribute to lack Product of