The United States has both enjoyed and suffered from the ability of its agricultural sector to produce more than was demanded domestically or that could be sold abroad at a profit. Food and fiber prices, because of the abundance of supply, are below those that would otherwise have prevailed. Thus, consumers were the beneficiaries as a smaller portion of their income is spent for acquiring of food than most anywhere else in the world.
English, Burton C., "Some Thoughts Behind Acreage Programs and Erosion Control" (1985). CARD Working Papers. 17.