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President Asks Congress To Cut Crop Subsidies and EQIP

Ben H

Well-known member
President Barack Obama asked Congress on Monday to slash crop subsidies to "wealthy farmers" and to pare federal support for crop insurance, moves estimated to save $10 billion over 10 years.

Obama targeted those areas for large cuts last year without success.

In his proposed budget for fiscal 2011, Obama suggested a sharply lower cut-off in income that qualifies for crop supports, implemented over a three-year period. It would save $2.26 billion over 10 years.

The administration plan would end crop subsidies to people with more than $250,000 adjusted gross income from off-farm sources or more than $500,000 on-farm AGI. The caps now are set at $500,000 off-farm AGI and $750,000 on-farm AGI.

Some $8 billion would be saved over 10 years by reforming administration of the federally subsidized crop insurance system to end "huge windfall profits." The Agriculture Department is negotiating a new master agreement with insurers to reduce overhead payments.

The White House also requested a 25 percent cut, to $1.2 billion, in the Environmental Quality Incentives Program. It shares the cost of controlling runoff from fields and feedlots. The green-payment Conservation Security Program would be cut by roughly $1 million and enrollment held to 12 million acres in fiscal 2011 instead of 12.8 million acres.

Source: Drovers.com

http://www.cattletradercenter.com/P...S_&hq_e=el&hq_m=607245&hq_l=2&hq_v=92e9fd589e
 

cure

Well-known member
It's about time someone steps up and says enough is enough. I just hope they take it a little farther to include dairies, feedlots, and the crp program. We as farmers and ranchers have become so dependant on the government that we have to ask whether to take sh-- or piss. Get government out of our business and we will be more productive.
 
A

Anonymous

Guest
cure said:
It's about time someone steps up and says enough is enough. I just hope they take it a little farther to include dairies, feedlots, and the crp program. We as farmers and ranchers have become so dependant on the government that we have to ask whether to take sh-- or p***. Get government out of our business and we will be more productive.

My Mother In law has 110 acres in crp. I have told her from the get go that its not right. Millions of productive acres are setting doing nothing.

This is not like the days of the Soil Bank where farmers were paid to plant things like serica and turn it under every year to build the soil quality.

The sooner the better. Crop insurance is one thing but the system can correct its self. government handouts to big corporations started in the late sixties it has been the worst thing ever done to the industry.
 

Ben H

Well-known member
This weekend I was reading up on New Zealand. Apparently instead of slowly reducing the crop subsides they simply eliminated them. However, they did offer grants for farms to get out of farming. Theif Agriculture Industry only improved.
 

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