Friday, April 3, 2009

Cuts to family farms, as well as agribusiness?

Read the New York Times coverage of the Obama administration's proposed farm subsidy cuts here. An excerpt from David Herszenhorn's story follows:

Some of the fiercest critics of farm subsidy programs say the new administration overreached in offering a proposal that could have cut off payment not just to large corporate agribusinesses, but also to medium-sized family farms that might not even be profitable, setting off a huge alarm in the powerful farm lobby.

The White House plan would have prohibited so-called direct payments to farms whose annual gross receipts exceeded $500,000 — a large sum on the surface, but one that did not take account of whether those receipts yielded any real profits.

Within days, the National Farmers Union, which represents roughly 250,000 farm families, forcefully denounced the president’s plan and urged Congress to oppose it.

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