Thursday, February 17, 2005

House Lawmakers Say No to Farm Subsidy Cuts

Farm-state lawmakers told Agriculture Secretary Mike Johanns on Wednesday that growers and ranchers would suffer unduly from the $587 million in farm subsidy cuts sought by the White House.
The cuts include reducing direct crop and dairy payments by 5 percent and lowering the per-person subsidy limit by 31 percent. The Bush administration plan would also make one-third of U.S. cotton, grain and soybean crops eligible only for short-term loans that would have to be repaid.

No comments: