>Land farming isn't financially viable either under market prices
Is that the reason subsidies exist?
From my experience in farming, subsidies exist to ensure I can stay afloat if a crop fails for whatever reason, or if the market tanks, or just ensures a minimum income to make sure I don't go out of business.
It seems like ag subsidies are one place we actually want government intervention (but I am surely biased). We don't really want our food supply to be open directly to the whims of both nature and direct market changes. There is too much of a ramp up time needed if a large share of farms go out of business. It's not like we don't need food next year just because we had a bumper crop this year that caused prices to tank, I guess is what I'm trying to say.
For example - look at pork in the 90's. The price fell, and hard, causing most family pork farms went out. This is the reason we have like 2-3 producers of pork for the US now with mega factory pork farms. Is that good? I can't be convinced it is.