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Nixon Budget Cuts Rural Farm Subsidies and REA Financing
The Nixon budget lowers direct crop payments and Rural Environmental Assistance and cuts overall farm and rural development spending by about 1.1 billion dollars. REA funding shifts to private financing at higher rates, while emergency loan programs are not reinstated. Senators and Congress members push hearings and bills to restore funds.
MENTIONED IN THIS ARTICLE
Washington
Congress
Rural Environmental Assistance Program
Rural Electrification Administration
Farmers Home Administration
Agriculture
Earl L. Butz
George Aiken
Hubert Humphrey
Senate