Kelly Tiller of the University of Tennessee Agriculture Policy Analysis Center discusses criticism of U.S. agriculture programs.
Suggested introduction for cut one:
The U.S. cotton program drew heavy criticism from developing countries during the most recent round of World Trade Organization talks last fall, but Tiller says it is not just cotton policy that is under fire.
Suggested introduction for cut two:
The complaints pointed to higher U.S. subsidies and overproduction as the reasons for low world cotton prices. But Tiller says U.S. policy changes brought about the low prices, and that is what triggered higher subsidies.
Suggested introduction for cut three:
According to the Center’s analysis, the elimination of a price support program for U.S. agriculture would result in a small loss in total acreage with little price change.