Supporting U.S. Agriculture under World Trade Organization Rules
Supporting U.S. Agriculture under World Trade Organization Rules
Date
2015-08-10
Authors
Babcock, Bruce
Babcock, Bruce
Hart, Chad
Hart, Chad
Babcock, Bruce
Hart, Chad
Hart, Chad
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Center for Agricultural and Rural Development
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Center for Agricultural and Rural Development
Abstract
For the fourth straight year, market prices for Midwest crops are low. Central Iowa soybean prices hover around $4.00 per bushel. Corn prices are around $1.80 per bushel, and wheat markets remain stuck at below $3.00 per bushel. What to do about these low prices has occupied a great deal of Congress’s time as it attempts to craft new farm legislation. Nearly all farm bill proposals would continue to provide farmers levels of support much higher than those offered by the market.