The House and Senate Agriculture Committees have now delivered to the so-called super committee their recommendations for helping cut the federal deficit by 23-billion dollars specifically from the USDA’s budget over the next 10 years. Agri-Pulse reports that under the proposal the new commodity title would eliminate fixed, direct payments, the ACRE Program and the Supplemental Agricultural Disaster Assistance Program. Crop insurance would be expanded for underserved crops.
Other changes include…
- A new Ag Risk Coverage program would be created to protect against both price and yield losses at the Farm Service Agency farm level.
- Anyone with an Adjusted Gross Income of more than 950-thousand dollars would be ineligible for payments from Title 1 Farm Bill programs.
- SNAP eligibility criteria face change.
The sugar program would be left unchanged.
The super committee of six republicans and six democrats has until midnight Wednesday to find at least 1.2 trillion dollars in budget savings over the next 10 years.
Source: NAFB News Service
Posted by Haylie Shipp