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Subsidy - Wikipedia, the free encyclopedia
A subsidy (also known as a subvention) is a form of financial assistance paid to a business or economic sector. Most subsidies are made by the government to producers or distributors in an industry ...
en.wikipedia.org/wiki/Subsidy |
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This is exactly why government subsidies exist, sometimes something is too much risk for a company to sink money into unless they know it will work, but if the end result is something that would benefit the country then it is worth it for the government to help cover the costs.
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Agricultural subsidy - Wikipedia, the free encyclopedia
An agricultural subsidy is a governmental subsidy paid to farmers and agribusinesses to supplement their income, manage the supply of agricultural commodities, and influence the cost and supply of s...
en.wikipedia.org/wiki/Agricultural_subsidy |
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Powell is here speaking of an industry which is not on the receiving end of major government favors. If government has the industry on a string, it need not have to resort to the policeman. All it needs to do is to cut off the subsidies, and the whole industry is put into a financial crisis.
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As the largest category within the US soy crop GM varieties are the principal beneficiary of huge subsidies now being paid by the US government to its soy farmers. According to the Farmers Weekly report below a staggering figure of nearly 70% of US soy bean value now comes from the US government.
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This includes a minimum of $14.7 billion in government subsidies that has gone to the four major league sports —Major League Baseball, the National Football League, the National Basketball Association, and the National Hockey League —including more than $5.2 billion just since 1989.
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