WTO, Subsidies, and the Agribusiness Giants

 Even as global trade rules pushed for reduced government support, the U.S. government found ways to keep its capitalist farming sector well-funded, directly leading to the formation of agri-multinationals.

When World Trade Organization (WTO) rules began demanding that developed nations cut farm subsidies, the U.S. responded with financial maneuverings that maintained support while shifting the policy mechanism:

• Counter-Cyclical Payouts: The government began issuing "huge payouts such as counter-cyclical payments" directly to farmers and agribusinesses.

• Fueling Growth: This consistent influx of capital allowed for the continued expansion and consolidation of the industry, leading to the "growth of giant agri-multinationals."

This political and financial backing ensures the capitalist farming model remains dominant and financially viable, perpetually relying on state support to offset the risks inherent in massive production.