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400 Years of Sweetness

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The Importance of Subsidies in Agriculture

By the late 1970s, the farming industry in the US had become a huge complex system. The federal government was underwriting most of it by providing subsidies. Millions of dollars in subsidies meant American farmers could pump out billions of bushels of corn a year. This transition from local to massive industrial agriculture was one that ADM CEO Dwayne Andreas knew all too well.

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