What is in this article?:
- High prices, political changes may influence farm bill talks
- Welcome news
- $3.0 Billion Ag Cuts Recommended
- Government Funding Cuts
- Higher commodity prices
- Farm bill cuts recommended
- Freedom to Farm again?
Government Funding Cuts
With a current U.S. national debt of about $13.7 trillion, the Deficit Reduction Commission recommended plan would hold down the growth of the federal debt by roughly $3.8 trillion by 2020, or about half of the $7.7 trillion by which the debt would have otherwise grown by that year. While the Deficit Reduction Commission report is just a recommendation, their discussion of budget cuts that includes social security benefits and defense spending will not leave agricultural untouched.
Jose G. Penais Texas AgriLife Professor and Extension Economist-Management in Uvalde.