Saturday, July 28, 2012

House drought bill keeps $5 billion subsidy targeted by reformers

Reuters: Farmers would get another round of the $5 billion a year "direct payment" subsidy, targeted by reformers as wasteful spending, in a Republican-drawn offer of disaster aid for farmers hurt by the worst drought in half a century. The package, unveiled on Friday, combines drought relief with a one-year extension of the farm program. If passed by the House next week and accepted by Senate, it would end a farm-bill stalemate by deferring work until 2013, when cost-cutting pressure may be intense. ...

URL: http://www.reuters.com/article/2012/07/27/us-usa-agriculture-idUSBRE86O1T520120727?feedType=RSS&feedName=environmentNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2Fenvironment+%28News+%2F+US+%2F+Environment%29
Enclosure: http://s1.reutersmedia.net/resources/r/?m=02&d=20120727&t=2&i=635240617&w=460&fh=&fw=&ll=&pl=&r=CBRE86Q1U7V00

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