Government cuts could impact agriculture.
Farmers are rushing to save the government subsidies they've enjoyed for years, as lawmakers have suggested to cut $30 billion or more in agriculture spending as part of a deficit-reduction deal.
Farmers understand cuts will need to be made, but they fear this sharp of a reduction could decrease corn and bean prices, escalating problems and resulting in an economic crisis similar to what occurred in the 1980s.
The debate continues across the aisle. Is raising taxes the answer? Will the big cuts answer the nation's problems? Or, should the U.S. raise its debt ceiling above the current $14.3 trillion? That's this week's BEEF magazine poll. Head to beefmagazine.com to weigh in.