Kevin Anderson wrote:Paul mentions corn is subsidized by 80%, as part of his argument that chem ag is more expensive once the hidden costs are considered. I'm not sure where this number came from but it's inaccurate at best. Subsidies are a bit tricky to figure out, but unless corn prices fall through the floor and price guarantees kick in, it's subsidized by 28 cents per bushel which would be 4% or so. There's other subsidy for insurance, etc. but it will never add up to 80%. I'll link an explanation of subsidies below along with a list of how much was paid to who, which will definitely scare you (look at how few farms get most of the payments.
Subsidy database: http://farm.ewg.org/