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Payments by the federal government to producers of agricultural products for the purpose of stabilizing food prices, ensuring ple...
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WASHINGTON (AP) -- Republicans have quietly maneuvered to prevent a House spending bill from chipping away at federal farm subsidies, instead forging ahead with much larger cuts to domestic and international food aid.
The GOP move will probably prevent up to $167 million in cuts in direct payments to farmers, including some of the nation's wealthiest. Meanwhile, the annual bill to pay for food and farm programs next year would cut food aid for low-income mothers and children by $685 million, about 10 percent below this year's budget.
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President Bush, facing a June deadline to restart the embattled Doha round of world trade talks, said he will tell European leaders next week that they must relent on agriculture subsidies.
Although admitting that "it's tough sledding right now" to complete the next round of World Trade Organization talks, Mr. Bush said dropping subsidies on agriculture, services and manufacturing would benefit poorer nations and help reduce global poverty.
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GENEVA - Trade ministers tentatively agreed Saturday on a plan to end export subsidies for farm products and cut import duties, a key step toward a comprehensive global accord that advocates say will boost the world economy.
The deal, under discussion since 2001, was expected to be approved by all 147 members of the World Trade Organization later Saturday, opening the way for full negotiations to start in September.
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More than 50 American billionaires have received government farm handouts in recent years from a program created to help struggling small farmers survive.
In just two years, between 2003 and 2005, at least 56 of the richest people in the country have pocketed taxpayer-funded federal agriculture subsidies totaling more than $2 million, according to a Scripps Howard News Service analysis of a newly released U.S. Department of Agriculture database.
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Trade officials from the United States and Europe are trying to restart stalled global talks but continue to spar over the same farm issues that helped undermine negotiations five months ago.
Subsidies that wealthy countries pay to their farmers, often reducing prices and making products from poor nations uncompetitive, remain the key to resolving differences.
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If the recently tabled "Draft Possible Modalities on Agriculture" is anything to go by and it probably is then the Doha round of the WTO trade talks appears doomed. When the ministers meet this week in Geneva, at best we could expect some cobbled-together, minimalist outcome of little consequence for liberalized trade. That outcome would essentially be an exercise in face-saving for the years of time and energy devoted to these talks.
Failure of the Doha round of trade talks would be a great loss in many respects. In the absence of widespread calls for unilateral liberalization of trade regimes, it is the best current prospect the world has to secure the significant welfare gains from freer trade. As a proven poverty-buster, free trade has enormous potential to bring growth and developm...
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GUANGZHOU, China -- Sino Agro Food, Inc. (Pink Sheets:SIAF), an emerging integrated, diversified agriculture technology and organic food company with ...
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THREE DAYS AFTER the president-elect announced in a radio address that he had directed his "economic team" to devise a plan "that will mean 2.5 million more jobs by January of 2011," he told a news conference that he favored measures "that will help save or create 2.5 million jobs." To the extent that his ambition is clear, it is notably modest.
It is, however, unclear. How will anyone calculate the number of jobs "saved"? Saved from what? Saved by what? By government action, such as agriculture subsidies or other corporate welfare? What about jobs lost because of those irrational uses of finite economic resources? Should jobs "saved" by, say, protectionist policies that interfere with free trade be balanced against jobs lost when export markets are lost to retaliatory protectionism?
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Lawmakers seeking to rein in the spending spree that has produced a staggering $1.4 trillion budget deficit are ignoring one of the ripest sources of potential savings: farm subsidies.
Most congressional deficit-reduction proposals have been silent on farm subsidies, and the House Agriculture Committee recently released a bipartisan letter pre-emptively warning against fundamental agriculture reform. Because farm subsidies are concentrated in "red America," they will test conservatives' willingness to apply tough budget choices to their own favored programs.