Wednesday, June 22, 2011

Just in

Farm Subsidies Targeted in Budget Cuts

Washington--Farm subsidies continue to be targeted in budget proposals as members of Congress and White House officials look for ways to trim the national deficit. Previously protected by members of both parties, the GOP plan includes a $30 billion cut to direct payments over 10 years, while President Barack Obama has outlined a plan to scale back payments to farmers with incomes of more than $250,000 a year. These terms are currently being considered in debt reduction talks led by Vice President Joe Biden.

Although no budget deal has been reached, senior officials at the Agriculture Department and leaders on Capitol Hill appear confident that direct program payments to farmers, at a minimum, will face major cuts.
Farm Bureau opposes means testing to determine farm program eligibility.

Washington Post news article

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US pushes China to double Ag Imports

Washington—US Trade officials want China to increase US Ag imports each year. Trade negotiators want China to import at least $25 billi...