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Unformatted text preview: Even with production controls direct Federal payments in FY 1999 to farmers amounted to $28 billion or half of all net farm income. The Roosevelt administration represented a major increase in Federal economic regulation of agricultural, but it is best seen in the light of history. The Federal government has been involved in agriculture from its very beginning. It distributed land, without charge, to settlers willing to till it; it created a massive military establishment to protect that land from hostile native nations that claimed it as their own; it funded research on how to better produce crops and livestock; it chartered and subsidized canal companies, and later railroads, to provide means for transporting the commodities produced by farmers to foreign markets; it limited the tariffs...
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.
- Fall '10