Farm Bill 2007
July 9, 2007
Reporter by: Associated Press
Momentum is building in Congress for overhauling farm subsidies because of tight budgets and increasing enthusiasm for renewable fuels and conservation programs.
The current farm bill, which expires in September, provides payments and other help to supplement farmers' incomes, support crop prices and manage supplies. Any cuts in subsidies will face resistance.
President Bush sought similar reductions upon taking office. But he made little headway in the latest farm bill, which Congress wrote in 2002.
Since then, Democrats have regained control of the House and energy prices have skyrocketed, leading to more calls for ethanol, which is derived from plants. Record prices for corn and other crops have some people questioning the need for subsidies.
The government paid out almost $17 billion in subsidies last year, a drop of more than $10 billion from 2000.
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