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Book Excerpt: Commodities and Consolidation

Food Tank

Instead, the Wall Street Farm Bill directed most of the subsidies to incentivize overproduction of a handful of key commodities, particularly corn and soy. Under the New Deal Farm Bill, a farmer faced with low corn prices could switch to another crop or even idle a portion of farmland in exchange for financial support.

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Understanding the farmer protests 

Sustainable Food Trust

The retailers and food companies don’t even refer to buying crops anymore. Worse still, many of them have invested large amounts of money in huge buildings to house factory farmed animals, and they are financially exposed with no alternative deployment for the infrastructure they have borrowed on.

Food 133