CLASSIC: The Surprisingly Unboring Story of Farm Subsidies

Make no mistake -- being a farmer is hard work. Farming outfits often have to carry a huge amount of risk from one season to the next, and any number of things may ruin their prospects, from unexpected weather, market volatility and so on. To mitigate these dangers, world governments often provide funding, or subsidies, to agribusiness in order to lower risk and increase chances of farmers staying in business. In the US, these subsidies are a multi-billion dollar industry... but where does all that money actually go?

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