The 1980’s and 90’s
•By 1980’s subsidies costing
+ $20,000 million p.a.
•1983 support prices dropped
and large areas taken out of farming
•make US agriculture internationally
competitive
•In 1996 another large part
of subsidies removed
•encourage US framers to
think global
•most
subsidies should have been phased out by end of 2002, though
Asia crisis delayed this