๐Ÿ‡บ๐Ÿ‡ธ

Trump's Budget Proposes Cutting Farmer Subsidies

Credit: Wochit News
Published on March 11, 2019 - Duration: 00:45s

Trump's Budget Proposes Cutting Farmer Subsidies

President Donald Trump released his 2020 budget on Monday, which includes a proposed 15 percent cut for the U.S. Department of Agriculture.

Reuters reports the budget called the USDA's subsidies to farmers โ€œoverly generous." Trump requested $20.8 billion for the USDA, which is a cut of $3.6 billion from the 2019 estimate.

Along with proposing reduced premium subsidies for crop insurance, it also proposes limiting the number of producers who would be eligible and limiting commodity payment limits.

The document reads, โ€œThe budget also proposes that USDA responsibly and efficiently use taxpayer resources by making targeted reforms to duplicative programs and overly generous subsidy programs."

Advertisement

Trump's Budget Proposes Cutting Farmer Subsidies

A MARCH 6, 2019, PHOTO

You are here

Recent related videos from verified sources

Trump Promised To Eliminate The Federal Deficit. It's Now Over One Trillion Dollars 00:41
Credit: Wochit News - Published 1 week ago 

Trump still reviewing plans for foreign aid cuts 01:19
Credit: Reuters Studio - Published on August 20, 2019 

You might like