Obama Reiterates Call For Farm Subsidy Cuts

Farm income hit a record high in 2011, making the payments harder to justify.

President Barack Obama proposed slashing subsidies to the booming agriculture sector by $32 billion over the next decade, just as Congress begins the lengthy process of overhauling the expiring U.S. farm law.

For the third year running, Obama proposed sweeping cuts to USDA in his annual budget. Congress, however, has yet to come to an agreement on how to reform the massive subsidies to the sector.

Obama's plan includes eliminating the $5 billion/year in direct payment to farmers that is disbursed regardless of need, an idea that has some support among U.S. lawmakers.

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Discuss this Article 2

Anonymous (not verified)
on Feb 15, 2012

The Federal Government destroyed the horse market , where are they now ! Would put a lot of people back to work !

Terry Church (not verified)
on Feb 15, 2012

President Obama and Congress should be wanting to support Agricultural as much as possible. They need to look at how Agricultural supports this country. Just look at all the industry, textile and manufacturing type jobs that have left and caused millions of people to be unemployed. Agriculture is thriving and millions are employed either directly or indirectly due to Agriculture. Thats more than most other sectors of employment can say. If we lose our agriculture where does the goverment think our food is going to come from? I believe food produced in the U.S. is the safest food we can possible eat. Food produced in another country, we don't know what it's sprayed with or how it was produced. You really don't know what your eating if it was produced somewhere else. So always remember to buy U.S. Agricultural products and support local Farmers and Ranchers.

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