farm subsidies News

Midwest Farmers Receive Record Federal Aid, Crop Insurance Payments Under Trump

U.S. President Donald Trump is assuring a bumper year for farmers as the Nov. 3 election approaches, with record government subsidies projected to make up more than a third of farm income in 2020. The aid programs could be key …

Despite China Deal, U.S. Farmers Still Dependent on Government Aid: Analysis

As U.S. President Donald Trump touted the signing of a U.S.-China trade deal in January, he told cash-strapped farmers they would soon need bigger tractors and “a little more land” to meet additional Chinese demand for U.S. agricultural goods. His …

Trump Promises Farmers He’ll Back Crop Insurance

U.S. President Donald Trump on Monday told farmers gathered in Tennessee that he supports crop insurance, signaling a possible shift from his proposals last year to shrink a program that many farmers rely on for funding their operations. Speaking at …

Farm Bill Costs Soar Despite Great Harvest

U.S. farmers are about to reap a bumper harvest not just in corn and soybeans but also in new subsidies that could soar to $10 billion, blowing a hole in the government’s promise that its new five-year farm bill would …

Obama Administration Urges Congress to Pass Farm, Crop Insurance Bill

Congress should reform U.S. farm subsidies, and end a $5 billion a year “direct payment,” as part of delivering an overdue overhaul of the farm program this year, Agriculture Secretary Tom Vilsack said on Monday. In a speech to the …

Crop Insurance Juicy Target in ‘Fiscal Cliff’ Deal

Rural lawmakers worry that $9 billion in annual federal crop insurance subsidies are an easy target for spending cuts in a “fiscal cliff” deal so they’re shopping around for a late compromise on a farm bill to protect them. The …

Senate Overhauls Farm Subsidies, Crop Insurance But Time Running Out

The Senate approved sweeping new U.S. farm legislation on Thursday that would cut almost all traditional farm subsidies while expanding a costly crop insurance program, but odds are slim the bill will pass this year. Passed by a 2-1 margin, …

Senate Committee Votes to End Direct Farm Subsidies, Backs New Insurance Plan

U.S. farmers will get a new crop-subsidy program that protects them from ruinous declines in revenue, the biggest threat to survival with today’s high and volatile prices, a Senate committee decided on Thursday. The Agriculture Committee approved the new path …