WTO panel finds China over-subsidizes farmers

From the Capital Press

A World Trade Organization panel has found that China distorts the global wheat trade by increasing subsidies for its farmers through price supports.

“China now holds about half the world’s stocks because they have such high support prices,” said Ben Conner, vice president of policy for U.S. Wheat Associates, the overseas marketing arm of the industry. “Their government just keeps buying and buying.” Read the rest of the story here.