Agricultural protectionism in industrial countries slashes traditional food exporters' incomes by one-third.
The article shows that agricultural policies in Western Europe and East Asia hurt farmers in Australasia and North America. If these policies were removed, farmers in these regions could earn one-third more money. Australian farmers could make up to A$30,000 more per farm. The study suggests that as rich countries get richer and have less advantage in farming, they will likely keep protecting their agriculture more.