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Time to defuse the ‘food bomb’ in farm policy

Posted on 23 January 2013

The public interest in an orderly approach to the nation’s business seems insufficient to prompt Congress to act in a timely fashion. The national legislature apparently needs some perverse incentive to spur it to action—either a cliff (fiscal or otherwise) to fall off, a ceiling (debt limit) to be crushed under, or a meat ax (automatic spending cuts known as sequester) hanging over pet programs.
This same dynamic has been in play for decades in farm policy. We just didn’t realize it. It took the narrow escape from a doubling of milk prices early this month to remind us that we live in the shadow of a “food bomb” too………………………………………..Full Article: Source


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VRS - who has written 39041 posts on Opalesque Commodities Briefing.


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