The Chief Agricultural Negotiator for the U.S. is attacking both China and India for blowing past their World Trade Organization spending limits on farm subsidies that distort trade. “We think China has done in excess of $100 billion more in subsidies to its farmers than it was allowed to do,” Gregg Doug said at the American Sugar Alliance’s International Sweetener …
Trump Plan to Balance Budget Includes Farm Subsidy Cuts
A budget plan President Donald Trump is expected to submit to Congress Tuesday includes steep cuts to farm subsidies, according to Bloomberg News. The 2018 budget proposal, which would begin the process of balancing the budget within ten years, would make cuts to mandatory spending on an array of social programs while sparing the Social Security and Medicare entitlement programs. …
Group Wants Congress to Cap Ag Subsidies
The Heritage Foundation’s Center for Free Markets and Regulatory Reform wrote an op-ed piece for the National Review Dot Com on agricultural subsidies. The piece by a senior research fellow refers back to higher than expected costs for the Ag Risk Coverage (ARC) and the Price Loss Coverage (PLC) programs in the 2014 farm bill. The piece says those costs …