USDA to cut $152M from direct payments
Reuters reports that the USDA will cut about 152 million dollars from direct payments to farmers to comply with automatic spending cuts that took effect at the start of this month.
Ag Secretary Tom Vilsack said Tuesday that the cuts would offset reductions due in three USDA programs that have already disbursed money to farmers—the Milk Income Loss Contract, the Supplemental Revenue Assistance program (SURE) and the Noninsured Assistance Program (NAP).
Vilsack said it is more efficient to pro-rate the direct payment subsidy than to ask the other farmers for a refund on checks already cut.
Your email address will not be published.
Subscribe for our newsletter today and receive relevant news straight to your inbox!