Subsidies
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8 Terms
Subsidies
Government money given to support agriculture
Subsidies offer guaranteed
prices for cash crops
Subsidies offer
Money to invest in equipment/infrastructure
Subsidies offer
Money to focus on research & development
Subsidies offer
Crop Insurance
Sometimes pay farmers do not…
grow certain crops
Subsidies: Pros
Wealth for governments/higher
GDP Farmers can rest/restore lands
Guaranteed income for growers
More economic stability where used
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
