1. The Institute for Agriculture and Trade Policy Working to maintain family farm agriculture while protecting our natural resources. ©2003, Institute for Agriculture and Trade Policy

2. Canadian government, provinces unite in battle against U.S. farm bill May 13, 2002 Feedstuffs European Commission Planning WTO Challenge to U.S. Farm Bill May 2, 2002 European Voice “Brazil announced Tuesday that it will bring forward an action against the United States before the world Trade Organization (WTO) over new subsidies Washington will provide for domestic soy bean producers.” May 7, 2002 Xinhua General News Service “Warren Truss, [Australia’s] farm minister, has already warned Washington that Canberra would refer the bill to the WTO.” May 2, 2002 European Voice "If passed, it will inevitably lead to the US breaching its WTO commitments on subsidies.” – New Zealand Trade Negotiations Minister Jim Sutton May 7, 2002 Press release from the office of Hon Jim Sutton

3. Price Support Loan Rate for Corn, Wheat and Soybeans, 1975-2001 Adjusted for Inflation, in 2001 dollars Period (Yearly Average) $ per bushel Source: USDA-ERS, USDA-FSA, and Bureau of Labor Statistic. Data compiled by American Corn Growers Association. Soybeans Wheat Corn

4. U.S. Farm Price for Corn, Wheat and Soybeans, 1975-2001 Adjusted for Inflation, in 2001 dollars Period (Yearly Average) $ per bushel Source: USDA-ERS, USDA-FSA, and Bureau of Labor Statistic. Data compiled by American Corn Growers Association. Soybeans Wheat Corn

5. What Holds the System In This State Despite Changes in Policy and Events? Gross Costs Net -100 0 100 200 300 400 500 600 700 197519801985199019952000 Year Income Per Acre (96$) Corn Production Income per Acre (96$) droughts floods freedom to farm deficiency payments yield increases emerging markets conservation reserve program biotechnolog y Produced by the Sustainability Institute

6. US Consistently Dumps Ag Commodities

7. Actual and USDA Projected U.S. Corn Exports

8. Actual and USDA Projected U.S. Wheat Exports

9. Source: C. Phillip Baumel, Iowa State

10. Our South American Competition

11. “Are you more independent acting alone to contract on a giant company’s terms or working together with your fellow farmers to gain the best terms possible with the giants on the other side of the table?” Dr. Richard Levins Agricultural Economist IATP Senior Fellow

13. The Institute for Agriculture and Trade Policy Working to maintain family farm agriculture while protecting our natural resources. ©2003, Institute for Agriculture and Trade Policy