Senate Agriculture Committee chairman Tom Harkin and North Dakota Senator Byron Dorgon (D.) have developed possible alternative solutions.
Harkin suggest to shut off direct payments to grain, cotton and soybean growers based off adjusted gross incomes… perhaps between $200,000 and $250,000. This would put subsidies in the hands of farmers that need the money most.
Dorgon suggests the first step in decreasing farm spending is to limit all payments to growers. Dorgan is and has been a longtime supporter of $250,000 payment limit as is Obama.
Either of these suggestions would help the medium sized farms and some large farms that fall under Obama’s plan. Dorgan agrees that the multimillion dollar payments to some corporate farms should be stopped.
Currently there are 126,000 farms with sales above $500,000 and 1.2 million farms have less than $10,000 in sales.
If you are interested in purchasing a farm farm loans are available. Contact a representative by phone (866-929-5585) or online at Farm Plus to assist you in obtaining a farm loan.
Tags: farm subsidies, obama