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You Win Some; You Lose SomeTen days ago, farm-state Congress folks managed to quietly get Obama's farm subsidy changes dropped from the budget passed later that day. Neither the House nor Senate versions of the bill included the President's proposed limitations on farm subsidies. The plan would have saved $9.7 billion in the next decade by prohibiting direct payments to farms whose annual gross receipts exceed $500,000. According to an article in the NYT, "In the House, farm-state lawmakers told the Budget Committee chairman, Representative John M. Spratt Jr., Democrat of South Carolina, that they would not support any budget plan that tinkered with hard-fought agreements they struck in passing last year’s omnibus farm bill." Senator Kent Conrad of North Dakota, Chairman of the Senate Budget Committee and a staunch supporter of agriculture, did add in a budget provision that would make modest cuts to crop insurance programs although it fell far short of what the President asked for. |
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