William Krist, a Senior Public Policy Scholar at the Woodrow Wilson Center
As Congress debates revision of the farm bill for another five-year period it must again consider the possible distorting effect of government subsidies for certain commodities. The urgency of this review owes to the strong linkage that now exists between international trade policy national development in third world countries. Competitive markets for their agricultural products are a major goal and subsidized – hence protected – sectors compromise that goal. William Kirst explains what is at stake as the debate continues.