Subsidies

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8 Terms

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Subsidies

Government money given to support agriculture

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Subsidies offer guaranteed

prices for cash crops

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Subsidies offer

Money to invest in equipment/infrastructure

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Subsidies offer

Money to focus on research & development

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Subsidies offer

Crop Insurance

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Sometimes pay farmers do not…

grow certain crops

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Subsidies: Pros

  • Wealth for governments/higher

  • GDP Farmers can rest/restore lands

  • Guaranteed income for growers

  • More economic stability where used

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Subsidies: Cons

  • Keeps food prices artificially low

  • Too much government control over market

  • Favors farmers in wealthy countries

  • Subsidies often go to agribusinesses

  • Reduces crop diversity

  • Farmers may not grow most profitable crops