G20 Urges End to Farm Subsidies, Could Be Bad News for Archer-Daniels and other U.S. Farm Corporations that get U.S, Welfare

BBC

Twenty developing countries have called on rich nations to scrap their farming subsidies within five years.

Brazilian Trade and Foreign Minister Celso Amorim, who heads the group known as the G20, said the handouts were "the most harmful single piece of commerce".

He was speaking on Saturday after a G20 meeting in the Indian capital Delhi.
The bloc approved a common negotiating position ahead of a key ministerial conference of the World Trade Organisation (WTO) in December.

Developing nations accuse rich countries of driving down the price of produce worldwide
through subsidies and protecting their own markets.