I respectfully disagree. The same prophesies of doom were advanced when in 1984 New Zealand's Labor government took the dramatic step of ending all farm subsidies.

Productivity and efficiency have increased much faster than when subsidies were in place.

http://news.bbc.co.uk/2/hi/programmes/from_our_own_correspon...

http://www.nytimes.com/2007/08/02/business/worldbusiness/02f...

http://www.cato.org/pub_display.php?pub_id=3411