Farm bill may cut $9.3 bln subsidies to farmers


NEW YORK (MarketWatch) — The U.S. Senate may begin debate this week on a bill that would cut longstanding payment of subsidies to farmers whether or not they plan crops, which affected parties agree is not sustainable when the government needs to cut its budget, according to the Associated Press.

The details have yet to be worked out but the five-year farm and food aid bill could save $9.3 billion, the AP reported on Sunday.

http://www.marketwatch.com/story/farm-bill-may-cut-subsidies-to-farmers-2012-06-03?link=MW_home_latest_news




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