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National and International Government Impacts

Explore the repercussions of government subsidy cuts on dairy farmers, their businesses, and families. Learn about the role of subsidies in the agricultural sector and the potential consequences of losing this financial assistance.

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National and International Government Impacts

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  1. National and International Government Impacts

  2. Imports • Goods or services that were produced abroad • When a country receives a good from a foreign country, it is importing the goods

  3. Exports • Goods or services produced locally and sold abroad. • When a country sends a good to a forgein country, it is exporting the good

  4. Agricultural Global Sales • Occurs when foreign countries buy and sell agricultural goods from one another. • What are some agricultural goods that go through global agricultural sales? Think of the U.S.’s exports to other countries. • Ex: wheat, cotton, tobacco, and animal products just to name a few

  5. Subsidy • Is a form of financial assistance paid to a business or economic sector • Most subsidies are made by the government to producers or distributors in an industry to prevent the decline of that industry • Examples: encourage the sale of exports, subsidies on some foods to keep down the cost of foods.

  6. You are a dairy farmer and the government has threatened to no longer subsidize your farm • How will this affect your farm, your business, your family?

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