$32.2 billion US dollars — that’s what the USA subsidised its farmers in 2015 and 2016.
Just to show what Australia’s farmers are up against exporting, the latest figures show how much US farmers get support from low world prices and weather events.
$US14.5 billion was spent on crop price support programs, mainly in cotton, grains and sugar. And that’s in two years when world prices weren’t bad, certainly above current levels for wheat and sugar.
Another $US12 billion was spent on crop insurance, whereby US farmers get paid for their crops even when they fail due to weather, disease or are ploughed-in due to low prices.
That’s the crop insurance which Australian governments refuse to offer at any price (let alone free, as in the USA and Europe).
And that’s before the devastation caused by the two major hurricanes in southern USA and fires in western USA this year.
And that’s without counting the billions spent subsidising corn grown for biofuels.
And that’s without subsidising crops bought by the US government as food aid for starving Africans and Arabs.