US$30 billion cut from agriculture

The President and the Lawmakers are looking to cut some US30 (€21.151 ) billion or more in agricultural spending as part of a deficit reduction deal. The farmers know it has to be done, but they fear too many cuts could cause a sharp decrease in crop prices, sending them back to the days of the 1980's farm crisis.

Negotiators will be looking at three main targets in their budget negotiations, the direct payments which pay farmers regardless of crops they grow. Crop insurance and Conservation money. Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers