ENG 001 Lecture Notes - Lecture 8: Agribusiness, Michael Pollan
Document Summary
Biodiversity monoculture with just planting corn on a farm. Supply (abundance of resource) and demand (goes down) Supply ( not enough corn) and demand (increases) New deal policies- great depression and fdrs presidency- government wanted farmers to stay afloat so the aim of these policies was to keep corn prices steady to keep farmers in business. Alternative- you do(cid:374)"t (cid:374)eed to sell (cid:272)or(cid:374) right a(cid:449)a(cid:455)-take a loa(cid:374) fro(cid:373) the go(cid:448)er(cid:374)(cid:373)e(cid:374)t so the(cid:455) did(cid:374)"t al(cid:449)a(cid:455)s ha(cid:448)e to sell. Wait until demand went up so they could sell corn at a good price. The gov set an i deal price of corn so when the farmers sold corn below that price, the gov would pay difference in the form of subsidies defies laws of supply and demand. Half of a(cid:448)erage io(cid:449)a far(cid:373)er"s i(cid:374)(cid:272)o(cid:373)e (cid:272)o(cid:373)es fro(cid:373) go(cid:448)er(cid:374)(cid:373)e(cid:374)t su(cid:271)sidies. We have come up with new possibilities for corn other than just humans eating it.
