Financial Times FT.com

The global food crisis

Effect of lower prices felt in developing world

By Alan Beattie

Published: October 8 2007 22:05 | Last updated: October 8 2007 22:05

The effects of the farm bill are felt well beyond the borders of the US, largely in lower prices for subsidised basic commodities such as rice, corn and cotton that might benefit consumers but undercut farmers in other countries, particularly in the developing world.

But the drafters of the farm bill say they are not working with the US’s international obligations – particularly those to the troubled “Doha round” of global trade talks – primarily in mind.

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