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The clipping this text was read from
The clipping this text was read from

policy. Until 10 or 15 years ago this seemed reasonable, as it appeared that the United States would serve as the breadbasket for a world with an ever growing hunger.

The government spurred agricultural production by guaranteeing loans, giving tax breaks, securing the sale of farm products overseas and stockpiling the domestic surplus in enormous quantities.

For the past decade farmers who sought to increase production to meet the perceived surge in global demand found themselves trapped by deflation in commodity prices and rapid inflation in financing and

93.8%