Food Studies Commons^™

Economic And Political Implications Of Agricultural Subsidies And Us Farm Policy, Justin Bogardus

Honors Theses

This thesis pertains to agricultural subsidies, their economic and political implications and what would happen to both price and production levels of different crops should those subsidies be removed. The 3 main crops examined are corn, wool and soybeans. Technological advancements made after 1900 had a profound effect on productivity and efficiency, leading to a number of important economic effects. Market integration, economies of scale, market structure, vertical integration and subsidization, all led to government intervention in the form of regulation and subsidy. Farm policy, starting in early 1900s, focused on price stabilization policies and food programs through the different …