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Thursday, April 24, 2014 Helping Dealers Succeed!

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Budget Faces Tough Resistance

Posted: 4/8/2013 | Views: 2215

The budget proposal President Barack Obama released Wednesday is unlikely to gain any traction in agriculture, particularly in areas such as cuts to crop insurance or shifts in international food aid. 

The president's proposal --- released two months behind schedule --- would cut $37.8 billion from farm programs and crop insurance. That compares to the Senate Agriculture Committee's plan for a $23 billion cut in the entire farm bill last year while the House Agriculture Committee passed $35 billion in savings.

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Source: DTN

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