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FARM SUBSIDIES THE PAST, PRESENT AND FUTURE OF SUBSIDIES IN THE GLOBAL MARKET US farm subsidies do more harm than good in the international marketplace. Agricultural trade is distorted by both import barriers and production and export subsidies. Smaller, more developing countries suffer in the market because of the Development experts agree and say the effects ripple throughout developing economies. American farm exports drive down prices paid to local farmers, and in turn, reduce rural income around the world and push farmers off the land and into different markets. This paper will cover the current issue of national protectionism and its faults in the global market, and the reasoning and history of government farm subsidies in the first place. It has been more than 5 months after President Bush signed the new $180 billion farm bill. Agriculture has leaped from the diplomatic background to near the top of the list of international complaints against the United States. Portrayed by Bush and its supporters as a necessary safety precaution for farmers and by those against it as an election-year welfare program to win Midwestern votes, the huge increase in subsidies has become an international crisis. Europe's foreign policy ch