Government May Get Out of Peanut Subsidy Program
Kenneth Frick, head of the Agriculture Stabilization and Conservation Service, argues the federal peanut program will end. He notes subsidies are structured so that no farmer directly gains, yet all growers contribute to the surplus. Congress weighs cutting acreage and shifting to crushing withdrawals as part of a broad farm program overhaul.
MENTIONED IN THIS ARTICLE
Kenneth Frick
Parade Magazine
the Gazette
Frick
Agriculture Stabilization and Conservation Service
California
Agriculture
End Ritz
Georgia
Jimny Carter
Carter
Congress
Farm policy debate on disaster aid and ACP reforms
Frick criticizes the current disaster program basing benefits on historic allotments. Proposals include a nationwide crop insurance funded by premiums and major cuts to the Agriculture Conservation Program from 180 to 90 million dollars. The ACP would limit payments to low income farmers to reduce federal cost and shift toward a market-based approach. The Soviet sale is seen as not altering grain prices significantly, with parity price calculations not replacing net farm income. Auction and sale notices follow.
MENTIONED IN THIS ARTICLE
Frick
Agriculture Department
U.S
Agriculture Conservation Program
Agricuture Department
Usdaould
ACP
Neal Smith
Ostawa
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