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Ag article - Agricultural Price Supports by Robert L...

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Agricultural Price Supports  by Robert L. Thompson
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Most governments around the world intervene actively in the operation of their agricultural  markets. The ways they intervene and the reasons they do so depend in large part on the  wealth of the country. Governments in poor Third World countries routinely impose price  controls to keep food prices artificially low. They do so to gain favor with their more politically  powerful urban residents. Though numerous (and partly because they are numerous),  peasant farmers do not organize politically and therefore have much less political power than  their urban brethren. The irony of this situation is that by artificially depressing the price of  food, Third World governments reduce incentives for farmers to produce and reduce the  availability of food from indigenous sources. 
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