Daniel Sumner of the University of California talks with EconTalk host Russ Roberts about agricultural subsidies in the United States, the winners and losers from those subsidies, and how the structure of subsidies has changed from the New Deal to the present. Sumner also explains how American policies have affected foreign farmers.

Greg Page, former CEO of Cargill, the largest privately-held company in America, talks to EconTalk host Russ Roberts about the global food supply and the challenges of running a company with employees and activity all over the world. Page talks about the role of prices in global food markets in signaling information and prompting changes in response to those signals. Other topics include government's role in agriculture, the locavore movement and genetically modified organisms (GMOs).

Organic agriculture is the most expensive, expansive hoax perpetrated on consumers during the past half-century. An affront to the environment because its low yields are wasteful of water and farmland, organic agriculture confers no advantages except for the feel-good factor for true believers. It only survives because of massive government subsidies and promotion, and “black marketing” that dishonestly disparages the competition .