NATIONAL AFFAIRS: Trade and Australia’s farm dependent economy*

While Australia continues to pursue free trade in world agriculture, there are warnings that the current World Trade Organisation proposals on agricultural reform may see farm subsidies increase, not decrease.Warning of what was on the table, Dr Brian Fisher, from the Australian Bureau of Agricultural and Resource Economics (ABARE), said that under the new proposals the US could increase subsidies for wheat, feed grain, rice, cotton and oilseeds.Currently, the World Trade Organisation (WTO) has …

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