Tuesday, July 24, 2007

Cut US crop subsidies 30 pct, say House critics

(Reuters) - Rep. Ron Kind, a Wisconsin Democrat, complained that the
House Agriculture Committee's farm bill plan, now awaiting a
vote from the entire House, offered "virtually no reform" of
farm subsidies, so he will offer his alternative during debate
later this week.




Kind proposed cutting grain, cotton and soybean outlays by
$12 billion through 2012, a 30 percent reduction from the $40
billion now projected. This, he said, will allow Congress to
spend another $5.6 billon on programs like food stamps, $3
billion on land stewardship and $1.2 billion to aid fruit and
vegetable farmers.


Read more at Reuters.com Bonds News

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