Top Scoops

Book Reviews | Gordon Campbell | Scoop News | Wellington Scoop | Community Scoop | Search

 

$350 Billion In Subsidies To US Farmers

Trade delegations in Washington admitted defeat yesterday in their efforts to stop the U.S. from handing more than $350 billion in subsidies to its farmers. Maree Howard reports.

Hard on the heels of a U.S. move to apply import tariffs on steel, a trade delegation led by Australian Agriculture Minister, Warren Truss, has spent two days trying to convince the U.S. Congress to change its planned Farm Bill.

Under the Bill, which goes before the U.S. Senate today, U.S. farmers will be paid to produce goods no matter the world price or demand.

Global dairy, citrus and sugar farmers will face the biggest threat from government-assisted U.S. farmers, although wheat and other broadacre crops will also face trouble.

Mr Truss said the decision of Congress to go ahead with the Farm Bill was bad for both Australian and world trade.

He said U.S. farmers were becoming less innovative and less prepared to adapt to world demand.

"We are especially concerned at the clear intent of the farm lobby to seek to entrench a mentality of farm subsidies in the USA," he said

Mr Truss says another problem was that the Bill undermined a new round of world trade talks.

He said while the U.S. had legitimate concerns about subsidies from the European Union, U.S. farmers were now getting more assistance than their European counterparts.

The $350 billion of subsidies in the Farm Bill will also affect New Zealand producers and is planned to stand for 10 years.

Australian Labour Opposition industries spokesman, Kerry O'Brien said " The Prime Minister should have given this matter much higher priority but he failed to do so and Australian (and NZ) farmers are the ones who will have to pay for his inaction."

Ends



© Scoop Media

 
 
 
Top Scoops Headlines

 

Gordon Campbell: On The Anti-Corbyn Split In British Labour

The resignation of seven UK Labour MPs in protest against the leadership of Jeremy Corbyn is another example of the centre-left’s readiness to sabotage its own cause... More>>

Scoop 3.0 Update & Membership Sale: The End Of ‘Objectivity’ In Journalism

2019 looks like it might well be another really bad, terrible, not so good year for the traditional journalism model globally... on the positive side, smaller independent players with innovative digital models and a more open approach like our ScoopPro service look likely to be more relevant than ever. More>>

ALSO:

Gordon Campbell: On America’s ‘Green New Deal’

‘Socialism’ is more of a political scare word than an objective condition. Even in the US, as Nate Silver’s 538 website pointed out this week there is polling evidence that modern Americans are inclined to treat socialism as meaning ‘equality’ rather than the ‘government ownership or control’ that Americans understood the term to mean back in the 1940s... More>>

Gordon Campbell: On Listening To Ocasio-Cortez About Tax

In its attitudes to tax, New Zealand has been the last colonial outpost of Thatcherism. Change, however, may be in the air. More>>

ALSO:

Gordon Campbell: On The Nelson Fire And Climate Change

The Nelson fire has been a useful warning of things to come, given how climate change will (a) increase the likelihood of reduced rainfall and drought-like conditions in many parts of New Zealand, which – obviously – will raise (b) the fire danger and (c) the cost of providing the communities at risk with the enhanced firefighting capabilities that they’re going to need. More>>

ALSO:

 
 
 
 
 
 
 
 
  • PublicAddress
  • Pundit
  • Kiwiblog