US SENATE SUBSIDIES
April 1st, 2002
BY PHILIP FINE
AMERICAN food manufacturers will in the long term see a fall in prices if a US$45.1 billion US farm bill becomes law next week, says the European Commission, but not before world markets are glutted with foods. The bill calls for an increase in crop and dairy subsidies to farmers and for mandatory country-of-origin labeling for meat, fruit, vegetables, fish and peanuts. EU agriculture commissioner Franz Fischler has said that the bill will artificially shield American farmers from low prices, leading to what he is warning will be a ...
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