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by PrimalDual
3117 days ago
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There are few places where market forces work as well as in farming. Which is surprising considering the distortions imposed by subsidies. Still, I think this is a case where automation will eliminate many if not all of their jobs and the market is doing a good job at signaling that they probably need to change professions. This especially rang true when they mentioned how the price of a wheat bushel appeared to below production costs. It’s really pains me to see these men having to deal with the dark side of creative distruction but I also don’t know what’s the best way to help them reinvent themselves for the future. |
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It sounds like subsidizing getting people off the farm would be helpful, but that's also loaded politically.
One program I've heard of working well is subsidizing fallow land that eventually just becomes wild and never returns to cultivation.