Showing posts with label subsidies. Show all posts
Showing posts with label subsidies. Show all posts

Tuesday, June 26, 2012

Global Food News: 2012 US Farm Bill passes in the Senate



Last Thursday, the US Senate passed a farm and food bill, which is now up for debate in the House. This bill represents a fairly substantial change in the structure of farm subsidies. US subsidy programs, in their current state, tend to favor large producers of "program commodities": corn, soy, wheat, sugar, and rice. The bill entails a good deal of subsidy reform, but, as reported by the National Sustainable Agriculture Coalition, it is still "far from perfect." NSAC Policy Director, Fred Hoefner stated that the "bill would benefit greatly from more agriculture reform, a greater local and regional food focus, and a much greater commitment to economic development and jobs. He went on to say, "We are also disappointed with the $3.7 billion cut to conservation programs on working farms and ranches.” Here are the five main components of this five-year bill: