I wish they would stop dividing us, [size=10pt][size=10pt][size=10pt][size=10pt][size=10pt][size=10pt][size=10pt][size=10pt][size=10pt][size=10pt][size=10pt][size=10pt]Just do away with [size=10pt][size=10pt][size=10pt]ALL[/size][/size] farm subsidies and we can get back to a true free market!
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DIVIDE AND CONQUER
02/26 07:52 CST No 'direct payment' subsidy to big US farms-source
2-26-2009 08:52 No 'direct payment' subsidy to big US farms-source
WASHINGTON, Feb 26 (Reuters) - President Barack Obama would
phase out so-called direct payment subsidies to U.S. farmers
with sales over $500,000 a year, a senior administration
official said.
The proposal would be part of the administration's fiscal
2010 budget proposal, to be released on Thursday. It would save
$9.8 billion over 10 years, cutting outlays by one-fifth.
There are roughly 126,000 farms with sales above $500,000 a
year, or 5.7 percent of the 2.2 million U.S. farms, according
to the Agriculture Department. They are the largest operations,
with an average size above 2,300 acres (931 hectares).
"Roughly a third of farmers receive direct payments, which
they receive regardless of whether they are producing anything
or not," the official, speaking on condition of anonymity, said
while explaining elements of the budget ahead of its release.
The official said the budget also would eliminate cotton
storage payments, for savings of $570 million over 10 years.
In a speech to Congress on Tuesday, Obama said the budget
would "end direct payments to large agribusinesses that don't
need them."
Direct payments were created in 2002 and total $5.2 billion
a year. Because they are "decoupled" from production, they are
the safest among U.S. farm supports from trade challenges.
(Reporting by Charles Abbott; editing by Jim Marshall)
(([email protected] +1 202 898 8319))
((For help: Click "Contact Us" in your desk top, click here
HELP] or call 1-800-738-8377 for Reuters Products and
1-888-463-3383 for Thomson products; For client training:
[email protected] +1 646-223-5546))
Keywords: OBAMA BUDGET/FARM
[/size][/size][/size][/size][/size][/size][/size][/size][/size][/size][/size][/size][/size]
DIVIDE AND CONQUER
02/26 07:52 CST No 'direct payment' subsidy to big US farms-source
2-26-2009 08:52 No 'direct payment' subsidy to big US farms-source
WASHINGTON, Feb 26 (Reuters) - President Barack Obama would
phase out so-called direct payment subsidies to U.S. farmers
with sales over $500,000 a year, a senior administration
official said.
The proposal would be part of the administration's fiscal
2010 budget proposal, to be released on Thursday. It would save
$9.8 billion over 10 years, cutting outlays by one-fifth.
There are roughly 126,000 farms with sales above $500,000 a
year, or 5.7 percent of the 2.2 million U.S. farms, according
to the Agriculture Department. They are the largest operations,
with an average size above 2,300 acres (931 hectares).
"Roughly a third of farmers receive direct payments, which
they receive regardless of whether they are producing anything
or not," the official, speaking on condition of anonymity, said
while explaining elements of the budget ahead of its release.
The official said the budget also would eliminate cotton
storage payments, for savings of $570 million over 10 years.
In a speech to Congress on Tuesday, Obama said the budget
would "end direct payments to large agribusinesses that don't
need them."
Direct payments were created in 2002 and total $5.2 billion
a year. Because they are "decoupled" from production, they are
the safest among U.S. farm supports from trade challenges.
(Reporting by Charles Abbott; editing by Jim Marshall)
(([email protected] +1 202 898 8319))
((For help: Click "Contact Us" in your desk top, click here
HELP] or call 1-800-738-8377 for Reuters Products and
1-888-463-3383 for Thomson products; For client training:
[email protected] +1 646-223-5546))
Keywords: OBAMA BUDGET/FARM
