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Financial In Market No matter what their stand in the muddled debate last week over billions of dollars in subsidies to America's largest farmers, all sides promoted the family farmer, a position rooted in the Jeffersonian ideal that "those who labor in the earth are the chosen people of God."

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Oriental Trading But Jefferson's yeoman farmer was a straw man: the real issues were 21st-century questions of corporate interests, the environment, global trade and budget constraints.

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Financial Forex Forex Software The traditionalists in the House who want to save commodity subsidies won the first round on Thursday in what is becoming a rare public battle to reshape farm policy, normally left to the agriculture committees. They beat back an effort to redirect billions of dollars in farm aid into environmental programs and won passage of their version of the farm bill, 291 to 120.

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Trading Instead of trimming subsidies, as the Bush administration had hoped, the House bill increases them.

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Trading Financial System Now the $171 billion, 10-year farm measure faces review by Senate leaders and the administration officials who have said they are determined to transform 21st-century farming policy. Their goal, they say, is to puncture myths about rural America and bring farm policy in line with international trade agreements and modern agricultural economics, which they say will help all the farmers left behind.

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Day Trading House members who want to preserve the current system of underwriting production of certain commodities leaned on the romance of the farmer in debate last week.

Forex Financial Trading The Congress was reminded of dairy farmers rising at dawn to make sure city mothers have fresh milk for their children. Grain farmers were praised for providing Americans with the safest and least expensive food in the world.

Fortune Make Option Trading Yet the vast majority of farmers, the men and women who fit the Jeffersonian image, are ineligible for the big commodity subsidies.

Science Of Financial Market Representative Marion Berry, a Democrat from Arkansas who receives hundreds of thousands of dollars in farm subsidies, said he would hate to see the United States as dependent on foreign food as it is on foreign oil in time of war.

Future Trading For most agricultural economists, these arguments are as dated as Walker Evans's photographs of sharecroppers in the Depression.

Financial Sales Services "Our problem is surplus food, not scarcity," said Prof. Bruce Gardner of the University of Maryland. "Commodity prices are so low that we wouldn't see surplus without subsidies, but there is always a question of how much of a safety net do we need. It's really high now and this House bill makes it even higher."

Commodity Trading Unlike in previous debates, urban lawmakers asked why $171 billion was being set aside for farmers in a program that favors the largest farmers, who never have to prove they need the money.

Financial Services Trading "Are farmers more noble than plumbers, or the welfare mother who has to go back to work and isn't qualified for a dime?" asked Representative Barney Frank, Democrat of Massachusetts. "This is a debate about corporate welfare for farmers that is finally boiling over."

Online Forex Trading The Bush administration addressed the issue last month in a 120-page farm policy meant to coax Congress away from these commodity payments and toward programs that favor global trade, the environment and all of rural America, not just the larger farmers.

Financial Portfolio Trade Administration officials also claimed the mantle of Jefferson.

Sierra Trading Post Secretary of Agriculture Ann M. Veneman went on Agrinet, the farm radio network, last week to promote the Bush plan and criticize the House farm bill using appeals to the little farmer and rural values.

Trading Financial Future "We believe a farm bill needs to help all of rural America, not just the few farmers who receive commodity payments," she said.

Forex Trading Software Instead of those huge payments, she said, large farmers must find profits in the global marketplace, and learn to respect trade agreements.

Trading Post In farm policy, at least, the World Trade Organization is proving to be the strongest bond between free- traders and the environmental movement. The commodity payments in the House bill could break the trade limits, while conservation programs not only keep more farmers on the land, they comply with international trade agreements.

Trading System Because farmers and ranchers own half the land in the continental United States, countless environmental groups are sounding Jeffersonian as well, championing these smaller farmers in the belief that they will determine the fate of countless species of wildlife, of open spaces and of clean air and water.

Forex Trading System By Elizabeth Becker
New York Times - 10/7/2001

Topic: Agriculture

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