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These slides show farm subsidies in the much larger context of farm justice. Mere subsidy reforms fail as KNOWLEDGE, as JUSTICE, and as STRATEGY.
These charts are based upon the traditional standard of fair farm prices known as parity. I've also made assumptions about how much supply much be reduced to achieve parity prices. My thinking here is that a "fair price" for today needs to be negotiated. In my view, a parity standard for today would necessarily need to be paired with very high standards of sustainability, and perhaps other measures of social good. It would also need an agreement that the US should make a profit on farm exports, and should include international agreements among farming countries in which supply is managed (and fairly allocated,) and minimum prices are set at adequate levels. Other operational definitions can, of course be used, and more minimal farm bill proposals may be the place to begin. At the very least, the U.S. should replace all subsidies with prices that are increased enough to make up the difference. Of course, prices should be above costs. US farm programs should be in the economic interests of the US, not in the interests of foreign/corporate buyers.