AUSTRALIA/WORLD: Report attacks world beef subsidies
Australian cattle farmers would be A$300m (US$166.2m) a year better off if worldwide beef subsidies were scrapped, according to a report compiled as part of a joint Australia, US, Mexico, Canada and New Zealand project. On the other hand, farmers in places where subsidies are high, such as the EU, Japan and South Korea, would suffer as a result of falling beef prices and low profits for farmers.
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