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by PrimalDual 3117 days ago
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.
2 comments

What would a good role of government be?

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.

I was reading other commenters mentioning the relatively old age of farmers. Maybe the only good option would be something like removing/phasing out existing subsidies so that only right amount of young people choose the profession coupled with a generous retirement program. Something like social security plus but with your farmland backing the plus part. Maybe in the spirit of what you’re describing. I worry about the unforseeable consequences of paying to leave arable land fallow. You’re essentially raising food prices and that really affects poor people the most.
Maybe there's also a concern about losing farming knowledge in local areas. This is a speculation since my general assumption is that as one of the oldest, most studied professions, we have more than enough knowledge socked away on it.
>reinvent themselves for the future.

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