1. Attention: We have put together a thread with tips and a tutorial video to help with using the new software. Please take a moment to check out the thread here: Trapshooters.com Tutorial & Help Video.
    Dismiss Notice

Congress moves to create new farm subsidy

Discussion in 'Politics, Elections & Legislation' started by mrskeet410, Nov 7, 2011.

Thread Status:
Not open for further replies.
  1. mrskeet410

    mrskeet410 TS Member

    Joined:
    Jan 29, 1998
    Messages:
    3,064
    Farm-state lawmakers are moving to create a whole new subsidy that would protect farmers when their revenue drops _ an unprecedented program that critics say could pay billions of dollars to farmers now enjoying record-high crop prices.

    The subsidy, free insurance that would cover farmers' "shallow crop losses" before their paid insurance kicks in, has been pushed by corn and soybean farmers who could benefit the most from the program. It would replace for the most part several other subsidy programs, including direct payments preferred by Southern rice and cotton farmers. Growers get the direct payments regardless of crop yields or prices. They don't even have to farm.

    The income insurance plan has a diverse group of opponents _ environmental groups that have long argued against farm subsidies, conservatives who say the plan won't save the government much and even one of the nation's largest farm groups. The American Farm Bureau Federation says the beefed-up insurance could encourage farmers to make riskier decisions and drive up the price of land.

    Top Republicans and Democrats on the House and Senate Agriculture Committees are looking at folding the new subsidy into a farm bill proposal they are quietly crafting as part of their charge by the deficit-cutting congressional supercommittee to cut farm spending.

    The four lawmakers _ Senate Agriculture Chairwoman Debbie Stabenow, D-Mich.; Sen. Pat Roberts, R-Kansas; House Agriculture Chairman Frank Lucas, R-Okla. and Rep. Collin Peterson, D-Minn. _ have said they will shave $23 billion from farm and food aid programs over the next decade. The new revenue insurance program would be considered part of their effort to achieve that goal...

    *******************

    http://townhall.com/news/politics-elections/2011/11/07/congress_moves_to_create_new_farm_subsidy
     
Thread Status:
Not open for further replies.