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NASCAR, Race Horses, and Tropical Deforestation? What Congress Could Do (Again) With Our Tax Dollars

I’ll admit that I’m not a Nascar fan, and I only watch horse racing during the Triple Crown (usually only the first two legs). But I am a big baseball fan and I still don’t think that my taxpayer dollars should be used to subsidize the building of fancy new stadiums, any more than they should be used to support race tracks or race horses. But what really disturbs me is that, with almost no scrutiny, my taxpayer dollars and yours might end up contributing to tropical deforestation and climate change.

Bali Deal “Saves” WTO, For Now

The Bali package included agreements to facilitate trade by modernizing customs procedures and to ensure that minimum access for agricultural imports subject to quotas is achieved in practice. On food security, there was, at the end, a resolution of the dispute over a “peace clause” that will allow India to shield its food stockholding program from trade challenges for at least four years.

Focusing the FAO on Global Public Goods – Vijaya Ramachandran

My guest on this week’s Global Prosperity Wonkcast is CGD senior fellow Vijaya Ramachandran, here to speak to us about the Food and Agricultural Organization (FAO) of the United Nations. The FAO is the leading global institution dedicated to raising agricultural productivity, but a new report from CGD says that the FAO, despite its respected status as the premier global food agency, risks squandering its potential when demand for food is rapidly rising and supplies are threatened.

Signs of Hope for Reforming Energy, Ag Subsidies?

Rising commodity prices and tight government budgets are adding to pressures to reduce subsidies for energy and agriculture in many countries. Two new reports, including my recent paper on agricultural and biofuel subsidies, provide fodder for this debate by documenting the extent of subsidies in these sectors and analyzing their negative effects, particularly for developing countries and the poor.

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