TITLE

Ag secretary 'optimistic' Congress will pass president's budget

AUTHOR(S)
Laws, Forrest
PUB. DATE
March 2005
SOURCE
Southeast Farm Press;3/9/2005, Vol. 32 Issue 8, p26
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses President George W. Bush's proposed agriculture budget plan. Agriculture Secretary, Mike Johanns is "optimistic" that Congress will pass most of the spending cuts for agriculture that President George W. Bush proposed in his fiscal year 2006 budget. He is optimistic that farmers will look at the long-term, economic prosperity of the nation. President Bush's proposed budget calls for a 5 percent reduction in direct payments to row crop and dairy farmers, changing the limits on farm program payments from US dollar 360,000 to US dollar 250,000 and limiting eligibility for the Commodity Credit Corporation loan and loan deficiency payments to 85 percent of a farmer's payment yield. The administration says the cuts will save US dollar 587 million in farm program spending in fiscal year 2006.
ACCESSION #
16394818

 

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