Generate text that refutes this claim: The FTAA is bad for South American Agriculture.  During the FTAA negotiations, the US has consistently refused to eliminate subsidies for American farmers [1] . Because of subsidies, great agricultural surpluses are produced that are then sold on developing markets at prices lower than the cost of production. Farmers in places like Brazil or Argentina, who are much more efficient in their process of production but do not benefit from subsidies, could not compete with these low priced imports, either locally or on the American market. Farmers would soon go out of business.  [1] Marquis, Christopher. “Panama Challenges Miami as Free Trade Headquarters.” New York Times. 11 November 2003. www.nytimes.com/2003/11/11/world/panama-challenges-miami-as-free-trade-h...
economic policy economy general international americas house supports creation
Subsidies for farming and agriculture mean cheaper food. If Americans were forced to pay the price of production for the food they consume, poverty rates in the US would be much higher. Conversely, in developing South American countries, which have high levels of poverty and wealth disparity, driving down the price of food would actually be of great benefit to those who live below the poverty line.