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<blockquote data-quote="Fritz the Cat" data-source="post: 207428" data-attributes="member: 605"><p><span style="font-family: 'arial'"><strong>Cuts proposed for crop insurance, conservation and more</strong></span></p><p><span style="font-family: 'arial'"><em>Courtesy of Farm Network News</em></span></p><p><span style="font-family: 'arial'">The president’s budget is considered a wish list which is largely ignored by Congress. However, it does offer insight into Administration priorities. The White House proposal would cut crop insurance spending by more than $22 billion over ten years. Conservation spending would be cut by $13 billion. The Trump Administration also sees more than $213 billion in potential savings by reforming the Supplemental Nutrition Assistance Program, known as SNAP. Regarding crop insurance, this proposal calls for a $500,000 Adjusted Gross Income or less to qualify. The Harvest Price Option would be reduced by 15 percent. Crop insurance companies would also see the rate-of-return reduced to 12 percent. New user fees are also proposed for a variety of USDA programs including import inspections, meat inspections and the oversight of federal checkoff programs.</span></p><p></p><p><span style="color: silver"><span style="font-size: 9px">- - - Updated - - -</span></span></p><p></p><p>PG, that is a $13 Billion dollar cut to conservation. You wished for a more level playing field.</p></blockquote><p></p>
[QUOTE="Fritz the Cat, post: 207428, member: 605"] [FONT=arial][B]Cuts proposed for crop insurance, conservation and more[/B][/FONT] [FONT=arial][I]Courtesy of Farm Network News[/I] The president’s budget is considered a wish list which is largely ignored by Congress. However, it does offer insight into Administration priorities. The White House proposal would cut crop insurance spending by more than $22 billion over ten years. Conservation spending would be cut by $13 billion. The Trump Administration also sees more than $213 billion in potential savings by reforming the Supplemental Nutrition Assistance Program, known as SNAP. Regarding crop insurance, this proposal calls for a $500,000 Adjusted Gross Income or less to qualify. The Harvest Price Option would be reduced by 15 percent. Crop insurance companies would also see the rate-of-return reduced to 12 percent. New user fees are also proposed for a variety of USDA programs including import inspections, meat inspections and the oversight of federal checkoff programs.[/FONT] [COLOR="silver"][SIZE=1]- - - Updated - - -[/SIZE][/COLOR] PG, that is a $13 Billion dollar cut to conservation. You wished for a more level playing field. [/QUOTE]
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