Paul You have a pretty good view on this BUT: 1) Yes the government use food as a weapon but they have forgotten that in the last few years--say 10 to 12 and stopped the subsidy. 2) We're in the ugly cycle right now because the subsidy stopped and farmers stopped. Now prices are coming back to where farming is possible but... If you don't think so remember when wheat was $2.00? and corn was $2.50?
Now that subsidies are pretty well gone with the only remaining one being crop insurance. Question if crop insurance was not subsidized would you buy it? Remember government is paying 50% of the premium. If the answer is no then it's not a farmer subsidy it's a insurance industry subsidy. Oh and I refuse to answer any question on planting intentions or yields--governments has not bought that information. What's the cary-over now? About 2-3 months.
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