Farming Without Subsidies: Could New Zealand’s Approach Work Elsewhere?
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Farm subsidies amount to hundreds of billions of dollars globally, significantly influencing agricultural markets from the U.S. to China. This article features insights from former US Agriculture Secretary Dan Glickman and New Zealand’s former Agriculture Minister Lockwood Smith, alongside perspectives from farmers across both regions. They discuss the implications of a subsidy-free farming model and its potential effects on American agriculture and international trade.
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📚Bağlam ve Tarihsel Perspektif
New Zealand eliminated farm subsidies in the 1980s, leading to a transformation in its agricultural sector that emphasized efficiency and innovation. This contrasts sharply with the ongoing reliance on subsidies in countries like the U.S. and China, where government support is seen as essential for stabilizing income and ensuring food security.
This article reflects the opinions of the authors and does not necessarily represent the views of Bloomberg or its affiliates.
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