What happened to agricultural subsidies as a result of record grain prices in 2012 was that both direct payments and countercyclical payments were higher.
The North Americans harvested 270 million tons in this harvest, but despite being great, production was supposed to have been much greater. The weather destroyed 100 million tons of corn.
According to the US Department of Agriculture, it was the worst drought since 1956. 60% of the territory was affected. Everywhere there is dry land, destroyed crops, empty reservoirs and massive forest fires.
With this information, we can conclude that what happened to agricultural subsidies as a result of record grain prices in 2012 was that both direct payments and countercyclical payments were higher.
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