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Keyword: subsidycuts

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  • AP: California's rice, cotton groups aim to fight Bush subsidy cuts

    02/09/2005 11:39:53 AM PST · by NormsRevenge · 44 replies · 911+ views
    Bakersfield Californian ^ | 2/9/05 | Jim Wasserman - AP
    SACRAMENTO (AP) - California's cotton and rice farmers, who receive more than $500 million a year in federal farm subsidies, are preparing for a fight over President Bush's proposed subsidy cuts. The president proposed a $587 million budget cut in farm subsidies nationwide. That would most affect the state's farmers of cotton and rice, which have a combined acreage of about 1.2 million acres throughout California. Bush proposed a 5 percent reduction in support payments, a new $250,000 ceiling on payments to individual farmers and an end to loopholes that allow some farmers to claim multiple owners of their farm...