July 18, 2011

Farmers worry about budget negotiations, cuts

< 1 minute read

Farm groups are rushing to save government subsidies they’ve long received.

President Barack Obama and lawmakers have targeted $30 billion or more in agriculture spending cuts as they try to negotiate a deficit-reduction deal.

Farmers say they know they will have to take a hit. But they fear too many cuts will send booming crop prices into a dive, raising the potential for another 1980s-era farm crisis. Associated Press

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