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AEI: Farm bankruptcies do not justify more farm aid

As ag embraces climate mitigation, trade may benefit — researchers

By 2/3/2021 The Biden administration’s plan to enlist American agriculture in mitigating climate change through cover crops and carbon trading could pay dividends in another field entirely negotiations for freer agriculture trade, said an American Enterprise Institute paper on Tuesday. The United States would be in a stronger bargaining position if it shifted some of its farm subsidies into so-called green box programs that are deemed not to distort international trade, said the paper written by three farm policy experts. “A reduction in U.S. trade-distorting supports would better position the United States in multilateral trade negotiations in which trade-offs between reduced domestic support and increased market access could bring significant access gains to U.S. producers,” wrote Eric Belasco and Vince Smith of Montana State University and Joe Glauber of the IFPRI think tank.

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