Throughout this summer, both chambers of the Congress will be creating and debating the new five-year farm bill that will set farm policies until 2017. As usual, there is a difference of opinions along political lines and between both chambers.
This post will examine some of the subsidies in the Senate version. The House version is radically different from the Senate version and we will examine it as it reaches the debate stage.
In a period of rising profits in the agriculture industry, it appears that farmers are being actually asked to take cuts in their subsidies. But not everything is as cut and dried as that. There are other factors at play in the Senate version of the farm bill that some Republicans say raise the costs to the American taxpayer considerably. READ MORE