Determining the economics of the arrangement

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Question: Half of the world's food production is used to feed animals for meat production. Growing animals for meat in America is a business which benefits hugely from our public subsidies. They receive subsidized tax-free feed, inexpensive grazing on public lands, exemption from a whole range of environmental constraints, and very favorable tax treatment. These mechanisms produce relatively inexpensive meat for Americans, which is a popular notion. It has also led to a virtual epidemic of health concerns, as we have adopted a diet heavy in red meat. Comment on the economics of this arrangement, and suggest alternative approaches if appropriate.

Reference no: EM131774576

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