Rep. Peterson Talks About Farm Bill and Reveals Some Details

October 30, 2011 04:08 AM
 

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Says direct payments eliminated | Move to making payments on planted, not base acres

NOTE: This column is copyrighted material, therefore reproduction or retransmission is prohibited under U.S. copyright laws.


Rep. Collin Peterson (D-Minn.), Ranking Member on the House Ag Committee, in an interview with the Minneapolis Star Tribune, said around $15 billion in cuts will come from the elimination of direct payment subsidies.

"We don't want to pay people when they don't need it, and we don't want to pay people when they aren't growing a crop," Peterson said.

Importantly, Peterson revealed that the proposed protections would apply only to planted acres and current crop prices. The plan, he said, would ensure that farmers can collect up to 90 percent of a preset value on their crops."

Cut details confirmed. Confirming other reports, Peterson said there would be about $8 billion in other spending cuts and those would be absorbed by various conservation and nutrition programs.

As for the farm bill process and working it out via the Super Committee/debt reduction plan, Peterson said, "What's usually done in six months, we're doing in four weeks. When I ran the (House Agriculture) Committee, we started off in subcommittees. That's the way it should be done. We did not set up this process. I didn't think the Super Committee was a good idea." Senate Majority Leader Harry Reid (D-Nev.) was the first one to mention the Super Committee process.

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NOTE: This column is copyrighted material, therefore reproduction or retransmission is prohibited under U.S. copyright laws.


 


 

 

 

 

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