Yesterday, I posted on a paper I wrote critiquing some of the proposals of the food movement. As such, its probably only fair that I share a paper sent to me by a reader. It was written by Don Paarlberg in 1987 and takes issue with farm policy from the Depression up to that date. I found the history fascinating; the paper is short and well worth a read. By the way, Don was a Professor of Agricultural Economics at Purdue and was a former Assistant Secretary of Agriculture.
Here's an excerpt that shows some of the challenges with trying to manage agricultural prices and supplies.