Posted by farmallsandcoops on July 20, 2012 at 10:56:43 from (69.57.203.41):
In Reply to: Re: New Farm Bill posted by BDT in Minnesota on July 20, 2012 at 07:55:03:
BOTH versions of the farm bill end direct payments. But..... they replace them with "risk" coverage that is funded by the gov't. So the "savings" from eliminating direct payments are less.
The Senate version is loved by corn and soybean farmers because they would get the most benefits. The House version gives a choice between price and revenue loss coverage with the use of target prices and southerners prefer this approach.
Nutrition programs account for some 75%-80% of the "farm" bill. Dems are howling at cutting $16 billion from nutrition programs (House version) over 10 years (10-year spending on nutrition is around $750 bil. to $800 billion) while the Senate would cut it $4 billion over 10 years.
Commodity programs -- the payments to farmers -- would be cut by $23 billion in the House and $19 billion in the Senate over 10 years.
What about disaster help? Some of those calling for a restart of the SURE program (disaster program from 2008 farm bill) are the same ones that ended that and livestock assistance programs at the end of Sept. 30, 2011 so they could save money. Guess what? Now they want it reinstated for 2012! And, livestock disaster help would restart with the new bill, but not for crops. Reason: $$ it costs.
If the House passes the bill before the August break, they still need to work out differences with the Senate and that will take a while. And do you think they want to vote on an overall bill before Nov. 5???
And for those who say we MUST pass it by Sept. 30 (when current bill authority ends), nope! It's called an extension. The 2002 Farm Bill was extended several times before the 2008 Farm Bill (which started as the 2007 farm bill fyi) was finally passed.
As for crop insurance, yes there is a 60%+ subsidy on premiums. That started via legislation passed in 2000. The concept was to get people into crop insurance and it achieved that goal.
Sorry such a long post but thought some facts might be good to lob in here.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Good As New - by Bill Goodwin. In the summer of 1995, my father, Russ Goodwin, and I acquired the 1945 Farmall B that my grandfather used as an overseer on a farm in Waynesboro, Georgia. After my grandfather’s death in 1955, J.P. Rollins, son of the landowner, used the tractor. In the winter 1985, while in his possession the engine block cracked and was unrepairable. He had told my father
... [Read Article]
Latest Ad:
2022 John Deere 5045E, 4wd, front end loader and 3rd function with grapple. 120 hrs, 55k new, must sell
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
