Agriculture and Global Society
Agriculture and Global Society SOC 364
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This 1 page Class Notes was uploaded by Dr. Daphney Will on Monday September 21, 2015. The Class Notes belongs to SOC 364 at Colorado State University taught by Douglas Murray in Fall. Since its upload, it has received 9 views. For similar materials see /class/210071/soc-364-colorado-state-university in Sociology at Colorado State University.
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Date Created: 09/21/15
10252011 1970 s oil crisis and the decline of the Vietnam war ag didn t follow us economic trend soviet union at end of cold war industrialize their beef and chicken and grain they had a few bad harvests and needed us wheat thus us prices went up demand for us wheat skyrockets nic s newly industrialized countries brazil Taiwan etc demand for us imported goods goes up the llgogo years of us ag farmer s expanding inflation on us dollar paying back loans wasn t a problem the later part of the 70 s shifted to a crisis in ag brazil decided to compete with us grain production many countries also began producing for themselves grow internal market and self sustaining what does the crisis in ag look like going into the 1980 s farmer s deep in debt and paying off loans at high interest rates land prices fall banks started to collapse bc they were holding lots of mortgages that farmers couldn t pay off only farms that could stay in business were big corporations medium sized companies had to catch up in size or they wouldn t survive state introduced the farm bill setasides paid to leave land fallow less land prices of crop goes up essentially a subsidy eventually changed the bill to allow farmers to grow different crops on the land these new commodities did the same thing as the grains more production lowered price energy act of 2005 paid to produce ethanol tax credit for investing in ethanol land prices go back up to grow corn farmers buy more land take out more loans farming for subsidies the disappearing middle middle sized farms disappear
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