Today, we make price-support payments to farmers if grain prices drop below the support trigger. We require corn-derived ethanol in gasoline even though the energy economics of it make no sense. It's mildly nuts.
Let's just put some of that land back to trees. I mean really, instead of paying people to grow an over-abundance of feed grains, pay them to grow organic carbon sequestration units.
America's fetish with the preservation of small family farms is incredibly destructive both environmentally and economically. People seem to have this romanticized concept of farmers as Ma and Pa working hard every day just to scrape by and raise their 6 kids. In reality these are businesses with massive amounts of capital tied up in businesses that are only sustainable with government subsidy.
Let these businesses fail, create economic incentives to use the land for more productive purposes like carbon sequestration.
Farming is already not perfectly predictable yield to yield, when you add in even wilder price swings it only crushes farms under further financial risks and leads potential famine.
[0]: https://www.ers.usda.gov/data-products/ag-and-food-statistic...
I am not a farmer, so just giving the example I know about: In Holland farmers get 9ct/kg for potatoes. Then in the supermarket this becomes $1.80! Talking normal year here (last year). No long supply lines or nothing. How is that fair or even reasonable? How can they build the reserves to survive a bad yield? So, yes, they need subsidies.
It seems unlikely that it will be.