Business & Policy
U.S. Farm Bill Passes Senate
June 22, 2012 - On Thursday the Senate completed a five-year farm bill that will see cuts to direct subsidy payments to farmers while still protecting sugar growers.
The bill passed with a vote of 64-35. It replaces four farm commodity subsidy programs with one, consolidates 23 conservation programs into 13, and ending several sources of abuse in food stamps.
The biggest change is the elimination of direct payments to farmers - wheather they plant crops or not. This subsidy will be replaced and there will be a greater reliance on crop insurance programs.
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June 22, 2012 By Huffington Post