The U.S. Senate has cut a $5 billion-per-year farm subsidy program as part of a bill shaping U.S. farm policy and much more. But lawmakers have added new subsidies that critics say could end up hurting other countries’ farmers more than the old program did.
The $955 billion Farm Bill passed the Senate with a wide, bipartisan majority. It cuts about $24 billion from the budget over 10 years, in part by doing away with $5 billion a year in what are called “direct payments.” Farmers got those payments in good years and bad.
Source: Voice of America . Read full article. (link)