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Subsidies are payments, economic concessions, or privileges given by the government to favor businesses or consumers. In the 1930s, subsidies were designed to favor agriculture. John Steinbeck expressed his dislike of the farm subsidy system of the United States in his book, The Grapes of Wrath. ... Steinbeck examined farm subsidies from a personal level, showing how they hurt the common man. Subsidies have a variety of other problems, both on the micro and macro level, which should not be ignored. Despite their benefits, farm subsidies are an inefficient and dysfunctional part of our economic system. ... The use of machinery increased productivity while reducing the need for as many farm laborers. The industrial boom of the 1920s drew many workers off the farm and into the cities. ... An extended drought had aggravated the farm problem during the 1930s. ... These allowed farmers to mechanize, which was necessary because of the scarcity of farm labor during World War II. ... The 1973 farm bill lowered aid to farmers by lowering the target income for price supports. ... Wheat and corn prices tripled, land prices doubled, and farm exports outstripped imports by twenty-four billion dollars. Under the Carter administration, farm support was minimized. ... Ronald Reagan wanted to wean the farm community from government support. ...
Farm subsidies seem to have benefits for the small farmer.
Approximate Word count = 1092
Approximate Pages = 4.4
(250 words per page double spaced)
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