Agricultural News
Cuts in Farm Supports Find Disfavor
Tue, 02 Feb 2010 17:13:34 CSTThe Chairman of the National Cotton Council, Jay Hardwick, a Louisiana cotton producer, says - the President's proposal on phasing down direct payments and limiting total payments affects the farms that produce more than three-fourths of all agricultural products marketed in the United States. Hardwick points out - the safety net for America's farm families must be maintained.
Hardwick says - Congress spoke clearly to ensure sound agricultural policy that is fiscally responsible in the passage of the last farm law. Hardwick believes - direct payments are compliant with the direction being taken in the World Trade Organization to reduce trade distorting support. The Cotton industry leader says - in the midst of a credit crisis, it makes no sense to threaten a vital component of the borrower's cash flow.
Also reacting to the 2011 budget proposal is National Farmers Union President Roger Johnson. Johnson says the cut in crop insurance, 8-billion dollars over 10 years, comes as a disappointment, as crop insurance is part of the vital safety net for farmers and ranchers providing a safe and secure food supply.
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