Cuts in Farm Bill won’t Significantly Reduce the Deficit

Posted on January 7, 2011 by in Farming Resources, Financing, Funding, News, Policy, Subsidies // 0 Comments

Cutting spending on new Farm Bill would make tiny dent in deficit, says MU FAPRI economist (From University of Missouri Extension)

EXCERPT: As discussion develops on writing a 2012 Farm Bill and in reducing federal budget deficits, there may be talk of cutting ‘farm subsidies’. “Defenders of current farm programs can point out that farm program spending is a tiny share of federal expenditures,” said Pat Westhoff, director of the Food and Agriculture Policy Research Institute (FAPRI.) “Eliminating all farm programs would hardly make a dent in the budget deficit.”