Agricultural subsidies assure that there is a surplus supply of staple commodities.
While this may be economicly "inefficient", it is preferable to "free market" conditions which are cyclicly subject to shortage conditions.
Wolfowitz should be aware of this, and is willing to subject the industrialized world to the same food "deprivation faced by the world's poorest people" simply to reap profit from the skyrocketing prices that occur during food shortages.
IMHO, such treachory is essentially a crime against humanity.
And Wolfowitz deserves the consequences which that term implies.
They're not my friends and not my kin. They need to look after themselves.
if you really like spending hundreds of billions for farmer welfare (not to mention trillions for your other big ticket welfare programs), how about you just go and do it voluntary (click here to send your money and not my money to the Federal Government).
I've got a farm of my own and I want my money to go to my own farm's welfare and not yours thank you.