[zdragnar]

The OP referred to farm subsidies, not food subsidies. The majority of these are in the form of price floors, intended to alleviate poverty among farmers and prevent shortages by encouraging excess supply during all but the leanest of times.

The reality is, the majority of these subsidies go to multi-million dollar farms, not the small family farms. As a result, we're effectively paying taxes to raise prices on food, which is very regressive in that it hurts the poor far more than the wealthy.

Of course, the flip side of the coin is that without the subsidies, prices would be so low that small farms wouldn't be able to compete anyway. Supply would, assuming the weather cooperates, roughly match demand, and a not insignificant chunk of taxes could go towards other programs (such as subsidizing school breakfasts and lunches). Then, we'd have some bizarre mix of natural disasters that creates a severe shortage of several key crops, causing significant chaos both in markets and in the daily lives of people who like to eat food, and we'd end up right back where we started- demanding the government guarantee that we don't run out of food in lean times, and paying the price for doing so.