Tuesday, October 18, 2011

FARM BILL LIKELY TO SEE CUTS

'Farm Bill Likely to See Cuts of at Least $23B, Loss of Direct Payments'

(Politico) -- Politico.com reports that "Agriculture committee leaders in Congress pledged Monday to come up with $23 billion in 10-year savings as part of a new farm bill expected to do away the outdated system of direct cash payments to growers." The general agreement would see commodity supports losing "roughly 24%" of their baseline spending, while conservation programs would realize a 10% cut, and nutrition programs like food stamps -- "a huge part of any farm bill" -- would see less than a 1% cut.


To read more on this- Cuts