ST. PAUL — Imagine standing at the gas pump. Which fuel do you choose? The cheaper options contain ethanol. Without thinking twice, you choose an ethanol blend; you might even see it as the environmentally mindful option.
WASHINGTON — All farm major programs combined — crop insurance, subsidies and conservation — will cost only about $221 billion over the next 10 years, comprising only 18 percent of Agriculture Department spending, according to statistics released by the Congressional Budget Office as it released its annual budget estimates.
The subsidy, free insurance that would cover farmers' "shallow crop losses" before their paid insurance kicks in, has been pushed by corn and soybean farmers who could benefit the most from the program. It would replace for the most part several other subsidy programs, including direct payments preferred by Southern rice and cotton farmers.
JUNEAU, Alaska — Alaska Republican U.S. Senate candidate Joe Miller, who believes the federal government is on the brink of bankruptcy and has called for an end to the “welfare state,” received federal farm subsidies for land that the fiscal conservative owned in Kansas in the 1990s.
WASHINGTON — Agriculture Secretary Tom Vilsack announced July 13 that all 16 private crop insurance companies met a July 12 deadline to sign the five-year standard reinsurance agreement that USDA’s Risk Management Agency has been negotiating with the companies since 2009.
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