Ag Expected to be on the Budget Chopping Block Again
Last year – President Bush proposed a 250-thousand dollar hard cap on farm program payments. Washington sources say the President’s Fiscal Year 2007 budget proposal will once again propose changes to farm program payment limits. That’s despite the belief of some southern lawmakers they had a commitment from the White House that the issue wouldn’t be addressed again until the new farm bill debate.
If sources are correct – the Bush budget proposal will also call for even greater farm program spending cuts than called for last year. Last year’s package included reductions in farm program spending by 5.7-billion dollars over 10 years.