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The biggest subsidisers would make the biggest cuts, notably the EU, which would have to slash its payments to farmers by between 75 and 85 per cent.
(12) The main subsidisers in Europe, namely France, Germany and Italy, also struggled, especially in the 1930s, when British shipping held its ground fairly well against their competition.
The 25 member-state EU and the US are the major agriculture subsidisers. The former spends over $75bn a year on farm subsidies, against Washington's $19.1bn on US farmers.
The top five subsidisers, according to the OECD, are Iceland, Switzerland and Norway - all outside the EU - and South Korea and Japan, which both give massive support to their politically-influential rice farmers.
Insurance companies then hit young women, described as 'subsidisers', with huge charges.